Monday Properties Acquires Office Property In Rockville, Maryland For $43.6M
2101 Gaither Road, Rockville, Maryland 20850, United States
$43,600,000
$163/SF
Building Size
266,077 SF
Asset Type
Office
Closing
Sep 7, 2022
AI
The office property located at 2099 & 2101 Gaither Road in Rockville, MD has been sold in a transaction. The property spans approximately 266,077 square feet and was sold for a total price of $43,600,000, resulting in a price per square foot of $164.
Summary of transaction details:
- Property Type: Office
- Sale Price: $43,600,000
- Square Footage: 266,077
- Price Per Square Foot: $164
- Address: 2099 & 2101 Gaither Road, Rockville, MD
- Market: Rockville, MD
The buyer for this transaction is Monday Properties, while the seller is Cliff Cummings. The deal was facilitated by Newmark, with representation from Jud Ryan, Ryan Cassidy, and Grant Marley.
Players
Rockville 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93