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P Portfolio Owner LLC Sells Office Building In Columbia MD For $5.6M With Newmark
SOLD
$5,600,000
Maryland
See Similar DealsOffice98,218 SF
Sold 07/10/2025
SOLD
P Portfolio Owner LLC Sells Office Building In Columbia MD For $5.6M With Newmark
9755 Patuxent Woods Drive
See Similar DealsOffice98,218 SF
Sold 07/10/2025
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$57
Total Square Footage:98,218 SF
Transaction Type:Sale
The property asset involved in this transaction is an office building located at 9755 Patuxent Woods Drive in Columbia, MD. The building encompasses a total area of 98,218 square feet and was sold for $5,600,000, resulting in a price per square foot of $57. At the time of closing, the property was 47% leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,600,000
- Address: 9755 Patuxent Woods Drive
- Market: Columbia, MD
- Square Footage: 98,218
- Price per Square Foot: $57
- Seller: P Portfolio Owner, LLC
The deal was facilitated by Newmark, with brokers Nicholas Signor, Christopher Abramson, and Ben McCarty representing the seller in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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