DSC Partners LLC Acquires Forbes Center In Lanham, MD For $86.4M
4501 Forbes Boulevard
$86,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 3, 2024
About this deal
AI
The Forbes Center in Lanham, Maryland, comprising a 17-property portfolio of industrial, flex, and office buildings, was acquired by DSC Partners LLC in collaboration with Harbert Management Corporation for $86.4 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $86,400,000
- Address: 4501 Forbes Boulevard
- Market: Lanham, MD
The brokerage team involved in the transaction includes Aaron Carroll, Keiry Martinez, Robert Pugh, and Kenneth Fellows from klnb'>KLNB.
The mixed use sale at 4501 Forbes Boulevard in Lanham, Maryland sold for $86.4M in 2024. 4501 Forbes Boulevard is classified as Mixed Use on Traded. Robert Pugh, Kenneth Fellows, Keiry Martinez, Aaron Carroll appear on the sale alongside KLNB. This page is the Lanham, Maryland file for the 4501 Forbes Boulevard mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Lanham sit in the Market section below. Filter that Lanham mixed use set by closing date to see what else sold near 4501 Forbes Boulevard around 2024. Published consideration for 4501 Forbes Boulevard is $86.4M, dated 2024. Cite this DSC Partners LLC Acquires Forbes Center In Lanham, MD For $86.4M sale when underwriting similar mixed use product around Lanham, Maryland.
Players
Lanham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93