Thor Equities Acquires Commercial Property In Rockville For $45M
SOLD
$45,000,000
Maryland
See Similar DealsCommercial
Sold 01/04/2022
SOLD
Thor Equities Acquires Commercial Property In Rockville For $45M
20 W Gude Dr, Rockville, MD, 20850
See Similar DealsCommercial
Sold 01/04/2022
Summary
MARYLAND
Asset Type:Commercial
Transaction Type:Sale
The property involved in this transaction is a commercial asset located at 20 W Gude Dr, Rockville, MD, 20850. The property was sold for $45,000,000.00 in Rockville.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: $45,000,000.00
- Asset Address: 20 W Gude Dr, Rockville, MD, 20850
- Seller's Rep: Thomas Bolen III (Rappaport)
- Buyer: Thor Equities
Thomas Bolen III from Rappaport represented the seller in this transaction, while Thor Equities acted as the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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