BentallGreenOak Acquires Office Property From Mike Wilson For $35M In Frederick
SOLD
$35,000,000
Maryland
See Similar DealsOffice91,220 SF
Sold 10/27/2021
SOLD
BentallGreenOak Acquires Office Property From Mike Wilson For $35M In Frederick
165 Thomas Johnson Dr, Frederick, M...
See Similar DealsOffice91,220 SF
Sold 10/27/2021
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$383
Total Square Footage:91,220 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 165 Thomas Johnson Dr, Frederick, MD. This office asset encompasses a total square footage of 91,220 and was sold for a price of $35,000,000. The market where the property is situated is Frederick.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,000,000.00
- Address: 165 Thomas Johnson Dr, Frederick, MD
- Market: Frederick
- Square Footage: 91,220
- Seller's Representative: Mike Wilson - Avison Young
- Buyer: BentallGreenOak
This transaction features Mike Wilson from Avison Young representing the seller, while BentallGreenOak acted as the buyer in this closed property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
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