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165 Thomas Johnson Dr, Fred...

BentallGreenOak Acquires Office Property From Mike Wilson For $35M In Frederick
SOLDOffice

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

Mike Wilson

Avison Young

Broker

$98.9M

vol

9 deals

Broker
BentallGreenOak
BentallGreenOakBuyer

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