JLL Capital Markets Arranges $38.5M Loan For Office Building Acquisition At 805 King Farm Boulevard, Rockville
805 King Farm Boulevard, Rockville, Maryland 20850, United States
$38,500,000
$160/SF
Building Size
240,000 SF
Asset Type
Office
Closing
Mar 7, 2022
About this deal
AI
The office property located at 805 King Farm Boulevard in Rockville, Md has been involved in a recent transaction. The property spans a total of 240,000 square feet and is owned by Building and Land Technology, represented by Carl Kuehner, and Green Hollow Capital Partners, represented by Jim Glasgow.
Summary of transation details
- Property Type: Office
- Transaction Amount: $38,500,000
- Address: 805 King Farm Boulevard, Rockville, Md
- Market: Rockville, Md
- Lender: Ladder Capital
- Landlord: Building and Land Technology - Carl Kuehner & Green Hollow Capital Partners - Jim Glasgow
- Brokers: Michael Gigliotti, Robert Tonnessen & Brian Buglione - JLL Capital Markets
The acquisition of the property was supported by a loan from Ladder Capital valued at $38,500,000. The loan type was an Acquisition Loan.
On the Map
$38,500,000
$160/SF
Office
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Players
Rockville Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93