Casa Rio Marina Sold In Edgewater Maryland For $4.6 Million With Brokers Judith Neighoff & Jeff Griesbauer
4079 Cadle Creek Road
$4,600,000
Building Size
—
Asset Type
Marina
Closing
Oct 14, 2025
About this deal
AI
The property asset involved in the transaction is Casa Rio Marina, a 6.5-acre boatyard located at 4079 Cadle Creek Road in Edgewater, Maryland. The asset sold for $4,600,000. It offers various community-focused boating services, continuing a long-standing tradition in the area.
Summary of transaction details:
- Property Type: Marina
- Transaction Amount: $4,600,000
- Address: 4079 Cadle Creek Road
- Market: Edgewater, MD
- Brokers: Judith Neighoff & Jeff Griesbauer - Hyatt Commercial
The sale was executed by local marine operators who acquired the property to maintain its established service to the boating community. Hyatt Commercial facilitated the transaction, representing the interests of the buyers throughout the process.
On the Map
$4,600,000
Marina
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Players
Edgewater Marina Market Snapshot
Boundary boundary · Marina · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93