facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Office

/

Lease

/

8757 Georgia Ave, Silver Sp...

James Cahill Of Remax Represents Tenant In Lease Of 66078 Square Feet At 8757 Georgia Ave Silver Spring
LEASEDOffice

James Cahill Of Remax Represents Tenant In Lease Of 66078 Square Feet At 8757 Georgia Ave Silver Spring

8757 Georgia Ave, Silver Spring, MD...

Building Size

66,078 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 8757 Georgia Ave, Silver Spring, MD. The total square footage of the property is 66,078. The market for this property is identified as Silver Spring.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 8757 Georgia Ave, Silver Spring, MD
  • Market: Silver Spring
  • Tenant's Representative: James Cahill - Remax
  • Landlord: Washington Property Company
  • Square Feet: 66,078

In this lease transaction, James Cahill represented the tenant while Washington Property Company acted as the landlord for the agreement. The deal underscores the collaboration between the tenant's representative and the property management firm involved.

Players

James Cahill

Re/Max

Broker

$1.1M

vol

2 deals

Broker
WC
Washington Property CompanyLandlord

Silver Spring Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93