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934 Rose Ave, North Bethesd...

Updated Oct 29, 2024

Federal Realty Leases 5000 Square Feet To Tenant Represented By Ray Schupp In North Bethesda
LEASEDHotel

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

Ray Schupp

H&R Retail

Broker

3 deals

Broker
FR
Federal RealtyLandlord

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

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