Arthur Murray Dance Studio Signs Lease For Office Space In Silver Spring, MD
12301 Old Columbia Pike, Silver Spring, Maryland 20904, United States
$24
$24/SF
Building Size
5,143 SF
Asset Type
Office
Closing
Dec 21, 2022
About this deal
AI
The leased property at 12301 Old Columbia Pike in Silver Spring, MD is an office space. The landlord, RFF/Old Columbia I, has entered into a lease agreement with Arthur Murray Dance Studio. The tenant will occupy a space with a total square footage of 5,143. The lease was signed on 12/21/2022.
Summary of transaction details
- Property Type: Office
- Address: 12301 Old Columbia Pike, Silver Spring, MD
- Market: Silver Spring, MD
- Tenant: Arthur Murray Dance Studio
- Tenant's Representative: Jonathan Hamburger - CBRE
- Asking Rent: $24/ft.
- Square Footage: 5,143
Jonathan Hamburger of CBRE represented Arthur Murray Dance Studio in the lease deal with RFF/Old Columbia I. The lease agreement includes an asking rent of $24 per square foot.
Players
Silver Spring Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93