MP Fund I North Market, LLC Sells Office & Vacant Land In Frederick, MD For $7.2M
154 North Market Street, Frederick, Maryland 21701, United States
$7,200,000
Building Size
—
Asset Type
Office
Closing
Sep 1, 2022
AI
The property involved in this closed transaction is located at 154 N Market Street and 8 E 2nd Street in Frederick, MD. It consists of an office building and vacant land. The sale of the property was facilitated by Joe Friedman and Joshua Norwitz from Edge Capital Markets, representing the seller MP Fund I North Market, LLC. The transaction was completed for a sale price of $7,200,000.
Summary of transaction details:
- Property Type: Office & Vacant Land
- Transaction Amount: $7,200,000
- Address: 154 N Market Street & 8 E 2nd Street, Frederick, MD
- Market: Frederick, MD
- Seller: MP Fund I North Market, LLC
- Brokers: Joe Friedman & Joshua Norwitz - Edge Capital Markets
The deal's key individuals involved in the transaction were Joe Friedman and Joshua Norwitz from Edge Capital Markets, who represented the seller MP Fund I North Market, LLC. Their expertise and negotiation skills were instrumental in successfully closing the sale of the property.
Frederick Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93