Chesapeake Potomac Regional Cancer Center Leases 11152 Square Feet In Waldorf Maryland From St. John Properties
2385 Monument Pl
Building Size
11,152 SF
Asset Type
Mixed-use
Closing
Mar 5, 2025
AI
Chesapeake Potomac Regional Cancer Center (CPRCC) has leased a mixed-use property consisting of 11,152 square feet located at 2385 Monument Pl in Waldorf, Maryland. This lease represents the first rental agreement in the developing 82-acre business community known as Berry Pointe.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 2385 Monument Pl
- Market: Waldorf, MD
- Square Footage: 11,152
- Landlord: St. John Properties, Inc.
- Tenant: Chesapeake Potomac Regional Cancer Center (CPRCC)
- Landlord's Representative: Mike White - St. John Properties
- Tenant's Representative: Joe Wustner - Re/Max
The new facility will allow CPRCC to enhance its cancer treatment services and will be strategically positioned to improve patient access, with operations set to begin in early 2026.
Players
Waldorf Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
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