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2311 Broadbirch Drive, Silv...

DSC Partners, LLC Sells Office Property In Silver Spring, MD For $4.5M
SOLDOffice

DSC Partners, LLC Sells Office Property In Silver Spring, MD For $4.5M

2311 Broadbirch Drive, Silver Spring, Maryland 20904, United States

$4,500,000

$171/SF

Building Size

26,200 SF

Asset Type

Office

Closing

Mar 17, 2022

AI

An office property located at 2311 Broadbirch Drive in Silver Spring, MD has been sold for a price of $4,500,000. The property spans across 26,200 square feet, resulting in a price per square foot of $172. The sale took place on March 18, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,500,000
  • Address: 2311 Broadbirch Drive, Silver Spring, MD
  • Market: Silver Spring, MD
  • Square Footage: 26,200
  • Price Per Square Foot: $172

The seller of the property was DSC Partners, LLC. The sale was facilitated by Kenneth Fellows and Robert Pugh from Edge, representing the seller in the transaction.

Players

Kenneth Fellows

KLNB

Broker

$116.4M

vol

8 deals

Broker
DL
DSC Partners, LLCSeller

Silver Spring 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93