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4501 Forbes Boulevard

DSC Partners LLC Acquires Forbes Center In Lanham, MD For $86.4M
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

Kenneth Fellows

KLNB

Broker

$116.4M

vol

8 deals

Broker

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