Prudential Financial Leases 4827 Square Feet At 909 Rose Ave North Bethesda From Federal Realty Investment Trust
909 Rose Ave, North Bethesda, MD, 2...
Building Size
4,827 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 909 Rose Ave, North Bethesda, MD. It spans an area of 4,827 square feet and is situated in the Rockville market.
Summary of transation details:
- Property Type: LEASE
- Transaction Amount: Not Disclosed
- Address: 909 Rose Ave, North Bethesda, MD
- Market: Rockville
- Tenant: Prudential Financial
- Landlord: Federal Realty Investment Trust
- Tenant's Representative: Amanda Rosenthal (JLL)
The key individuals and companies involved include Amanda Rosenthal, who represents Prudential Financial in the deal. Federal Realty Investment Trust acts as the landlord in this transaction.
Players
Rockville 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93