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
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