Fernau LeBlanc Investment Partners Acquires Mixed-Use Asset In Columbia MD For $7.75M
6822 Oak Hall Lane
$7,750,000
$193/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Apr 15, 2025
About this deal
AI
The asset involved in this transaction is the Oak Hall Commercial Center located at 6822 Oak Hall Lane, Columbia, MD. This mixed-use property was sold for $7,750,000 and encompasses a total of 40,000 square feet, translating to a price per square foot of $194.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,750,000
- Square Footage: 40,000
- Address: 6822 Oak Hall Lane
- Market: Columbia, MD
- Buyer: Fernau LeBlanc Investment Partners
- Seller: LTL Properties, LLC
The transaction was facilitated by brokers Allan Riorda, Marley Welsh Black, and Samantha Eckels from Lee & Associates, as well as Arvin Gholamrezae and Bob Filley from Marcus & Millichap, showcasing collaboration between these agencies in the successful sale of the fully leased property.
On the Map
$7,750,000
$193/SF
Mixed-use
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Players
Columbia 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93