Daily limit: 0/10
CPF-HCRE – Greenbelt LLC Acquires Medical Office Building In Greenbelt For $27.5M
SOLD
$27,500,000
Maryland
See Similar DealsMedical Office192,000 SF
Sold 07/30/2025
SOLD
CPF-HCRE – Greenbelt LLC Acquires Medical Office Building In Greenbelt For $27.5M
7500 Greenway Center Drive
See Similar DealsMedical Office192,000 SF
Sold 07/30/2025
Summary
MARYLAND
Asset Type:Medical Office
Price Per Square Foot:$143
Total Square Footage:192,000 SF
Transaction Type:Sale
The property involved in this transaction is a medical office located at 7500 Greenway Center Drive in Greenbelt, MD. The asset spans 192,000 square feet and was sold for $27,500,000, resulting in a price per square foot of $143. The building is anchored by Luminis Health and is currently 75% leased.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $27,500,000
- Address: 7500 Greenway Center Drive
- Market: Greenbelt, MD
- Square Footage: 192,000
- Price Per Square Foot: $143
- Buyer: CPF-HCRE – Greenbelt LLC
- Seller: Greenbelt Trade Center LLC
- Broker Representatives: Robert Filley & Chez Eider - Marcus & Millichap
This transaction was facilitated by Institutional Property Advisors, which successfully closed the sale of Maryland Trade Center III.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
Is there something missing? Send suggestions