facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Medical Office

/

Sale

/

826 Washington Road

844 Condos And Bruce Wentworth Properties Sell Medical Condominiums In Westminster For $2.175M
SOLDMedical Office

844 Condos And Bruce Wentworth Properties Sell Medical Condominiums In Westminster For $2.175M

826 Washington Road

$2,175,000

Building Size

Asset Type

Medical Office

Closing

Jul 15, 2024

AI

The transaction involved the sale of two medical condominiums located at 826 Washington Road in Westminster, MD, specifically within the Phyllis Green Medical Center. The combined sale price for these assets was $2,175,000, comprising $825,000 for one unit aimed at expanding a medical practice, and $1.35 million for the other unit purchased as a long-term investment for the Westminster Surgery Center.

Summary of transaction details:

MacKenzie Commercial Real Estate Services facilitated the sale of these medical condominiums, indicating their active role in the healthcare property market. Dennis Boyle represented the broker’s side in this transaction, contributing to the successful closing of the deal.

Players

Dennis Boyle

MacKenzie Commercial Real Estate Services

Broker

$4.7M

vol

4 deals

Broker

Westminster Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93