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Verbal Beginnings Leases 17,040 SF Space At Arcadia Business Park, Frederick MD

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LEASED
$13

Maryland

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Mixed-use17,040 SF
Leased 08/15/2023
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LEASED

Verbal Beginnings Leases 17,040 SF Space At Arcadia Business Park, Frederick MD

4714 Arcadia Drive Frederick, Maryland 21703, USA

See Similar Deals
Mixed-use17,040 SF
Leased 08/15/2023
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Summary

MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$13
Total Square Footage:17,040 SF
Transaction Type:Lease

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.

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Details

LEASED
IMAGE: Dan Kleuger & Danny Foit DATE: 08/15/2023 ADDRESS: 4714 Arcadia Drive MARKET: Frederick, MD ASSET TYPE: Mixed-use TENANT: Verbal Beginnings LANDLORD'S REP: Danny Foit - St. John Properties TENANT'S REP: Dan Kleuger - The Tenant Agency ASKING RENT: $13.67/ft ~ SF: 17,040 NOTE: Verbal Beginnings, a Maryland-based provider of applied behavior analysis therapy for children with autism, has secured a 17,040-square-foot space at Arcadia Business Park in Frederick, Maryland.

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Deal Type
Effective Rent (Annual)

$267,035.94

Total Lease Value

$2,670,359.36

Net Landlord Cash Flow$267,035.94