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7170 Woodmont Ave, Bethesda...

BlackRock Acquires Property From Northwestern Mutual At 7170 Woodmont Ave For $143.5M
SOLD

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:

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

Jordan Lex

JLL

Broker

$647.2M

vol

11 deals

Broker
BlackRock
BlackRockBuyer
Northwestern Mutual
Northwestern Mutual Seller
Northwestern Mutual
Northwestern Mutual Lender
BlackRock
BlackRockLender

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