BentallGreenOak Acquires Office Property From Mike Wilson For $35M In Frederick
165 Thomas Johnson Dr, Frederick, M...
$35,000,000
$383/SF
Building Size
91,220 SF
Asset Type
Office
Closing
Oct 27, 2021
AI
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.
Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93