Federal Realty Leases 5000 Square Feet To Tenant Represented By Ray Schupp In North Bethesda
934 Rose Ave, North Bethesda, MD, 2...
Building Size
5,000 SF
Asset Type
Hotel
Closing
Oct 26, 2021
About this deal
AI
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.
Players
Rockville Hotel Market Snapshot
Boundary boundary · Hotel · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93