Federal Realty Leases 5000 Square Feet To Tenant Represented By Ray Schupp In North Bethesda
LEASED
Maryland
See Similar DealsHotel5,000 SF
Leased 10/26/2021
LEASED
Federal Realty Leases 5000 Square Feet To Tenant Represented By Ray Schupp In North Bethesda
934 Rose Ave, North Bethesda, MD, 2...
See Similar DealsHotel5,000 SF
Leased 10/26/2021
Summary
MARYLAND
Asset Type:Hotel
Price Per Square Foot:$0
Total Square Footage:5,000 SF
Transaction Type:Lease
The property involved in this transaction is located at 934 Rose Ave, North Bethesda, MD, within the Rockville market. The lease spans a total of 5,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 934 Rose Ave, North Bethesda, MD
- Market: Rockville
- Tenant's Representative: Ray Schupp (H&R Retail)
- Landlord: Federal Realty
Privai, a luxury skin and body care line, has engaged in this lease agreement as part of its strategy to introduce the new Privai Spa + Salon in the Washington, D.C., region, having signed six leases in total. Christina Stratton, Privai’s co-founder and CEO, emphasized the company's aim to offer a wellness experience through a full-service spa and salon by collaborating with local therapists and stylists.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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