BlackRock Acquires Property From Northwestern Mutual At 7170 Woodmont Ave For $143.5M
7170 Woodmont Ave, Bethesda, MD, 2...
$143,500,000
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 7170 Woodmont Ave, Bethesda, MD, within the Chevy Chase market. The sale price for the property was $143,500,000.00. The total square footage of the asset was not specified.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $143,500,000.00
- Address: 7170 Woodmont Ave, Bethesda, MD
- Market: Chevy Chase
- Seller: Northwestern Mutual
- Buyer: BlackRock
- Seller's Representatives: Jordan Lex - JLL, Brian Crivella - Berkadia, John Owendoff - Cushman & Wakefield
The transaction involved key representatives including Jordan Lex from JLL, Brian Crivella from Berkadia, and John Owendoff from Cushman & Wakefield, representing the seller, Northwestern Mutual, in the deal.
Players
Chevy Chase CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93