Rock Creek Property Group, LLC Acquires Office Building In Germantown, MD For $22M
20440 Century Boulevard, Germantown, Maryland 20874, United States
$22,000,000
$181/SF
Building Size
121,000 SF
Asset Type
Office
Closing
Oct 30, 2022
About this deal
AI
The office property located at 20420, 20430 & 20440 Century Boulevard in Germantown, MD has been sold. The property spans approximately 121,000 square feet and was sold for a total price of $22,000,000, resulting in a price per square foot of $182.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $22,000,000
- Square Footage: 121,000
- Price Per Square Foot: $182
- Address: 20420, 20430 & 20440 Century Boulevard, Germantown, MD
- Buyer: Rock Creek Property Group, LLC - Gary Schlager
The buyer in this transaction was Rock Creek Property Group, LLC, represented by Gary Schlager. No additional information regarding the deal's key individuals or companies was provided.
Players
Germantown 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93