Verbal Beginnings Leases 17,040 SF Space At Arcadia Business Park, Frederick MD
4714 Arcadia Drive Frederick, Maryland 21703, USA
$13
$13/SF
Building Size
17,040 SF
Asset Type
Mixed-use
Closing
Aug 15, 2023
About this deal
AI
Verbal Beginnings, a Maryland-based provider of applied behavior analysis therapy for children with autism, has recently secured a 17,040-square-foot space at Arcadia Business Park in Frederick, Maryland. The mixed-use property, located at 4714 Arcadia Drive, offers ample space for the company to expand its operations. The lease transaction was facilitated by Danny Foit of St. John Properties, representing the landlord, and Dan Kleuger of The Tenant Agency, representing Verbal Beginnings.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not available
- Asking Rent: $13.67/ft
- Square Footage: 17,040
- Address: 4714 Arcadia Drive, Frederick, MD
- Market: Frederick, MD
The deal brings together Verbal Beginnings, a prominent provider of applied behavior analysis therapy, and Arcadia Business Park, a versatile mixed-use property. By securing this space, Verbal Beginnings will be able to further its mission of serving children with autism in the Frederick, Maryland area. Danny Foit of St. John Properties acted as the landlord's representative, ensuring the terms of the lease were favorable for the property owner. On the other hand, Dan Kleuger of The Tenant Agency skillfully advocated for Verbal Beginnings, negotiating the terms that best suited their business needs.
Players
Frederick Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1220230.77%
Cash-on-Cash
-348745.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93