SOLDMixed-use
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
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.
Players
Lanham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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