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Judith Neighoff Of Hyatt Commercial Facilitates Sale Of Medical Office In Edgewater For $2.4M
SOLD
$2,400,000
Maryland
See Similar DealsMedical Office13,828 SF
Sold 03/22/2025
SOLD
Judith Neighoff Of Hyatt Commercial Facilitates Sale Of Medical Office In Edgewater For $2.4M
3179 Braverton Street
See Similar DealsMedical Office13,828 SF
Sold 03/22/2025
Summary
MARYLAND
Asset Type:Medical Office
Price Per Square Foot:$173
Total Square Footage:13,828 SF
Transaction Type:Sale
The asset involved in the transaction is a medical office located at 3179 Braverton Street, Edgewater, MD. The property sold for $2,400,000 and offers a total square footage of 13,828, equating to a price per square foot of $174.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,400,000
- Address: 3179 Braverton Street
- Market: Edgewater, MD
- Square Footage: 13,828
- Price per Square Foot: $174
- Broker: Judith Neighoff - Hyatt Commercial
Hyatt Commercial facilitated the sale, highlighting their role in managing the transaction for the Doring Building. Judith Neighoff represented the interests of the parties involved in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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