Emagine IT Leases 9787 Square Feet At 909 Rose Ave North Bethesda From Federal Realty Investment Trust
909 Rose Ave, North Bethesda, MD, 2...
Building Size
9,787 SF
Asset Type
Office
Closing
Oct 4, 2021
About this deal
AI
The property involved in this transaction is a lease for an office space located at 909 Rose Ave, North Bethesda, MD, with a total square footage of 9,787. It is situated in the Rockville market and is owned by the Landlord, Federal Realty Investment Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 909 Rose Ave, North Bethesda, MD
- Market: Rockville
- Tenant: Emagine IT
- Landlord: Federal Realty Investment Trust
- Tenant's Representative: Adam Schindler (Colliers International)
The individuals and firms involved in this transaction include Adam Schindler from Colliers International, representing the tenant, Emagine IT, in securing the lease agreement with Federal Realty Investment Trust as the landlord.
On the Map
Office
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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