facebook
Traded Co logo
Submit
Daily limit: 0/10

Jim Lighthizer's Chesapeake Real Estate Group Acquires Office Building In Rosedale, MD For $4.2M

Property Image
SOLD
$4,200,000

Maryland

See Similar Deals
Office34,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Jim Lighthizer's Chesapeake Real Estate Group Acquires Office Building In Rosedale, MD For $4.2M

9900 Franklin Square Drive

See Similar Deals
Office34,000 SF
Sold
Contact now

Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$123
Total Square Footage:34000 SF
Transaction Type:Sale

The property located at 9900 Franklin Square Drive in Rosedale, MD has been sold in a closed transaction. The office asset, spanning 34,000 square feet, was purchased by Jim Lighthizer of Chesapeake Real Estate Group (CREG) for a total price of $4,200,000, equating to an average price per square foot of $124.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,200,000
  • Address: 9900 Franklin Square Drive, Rosedale, MD
  • Market: Rosedale, MD
  • Buyer: Jim Lighthizer - Chesapeake Real Estate Group

This acquisition marks an expansion of Chesapeake Real Estate Group's portfolio. The purchase of 9900 Franklin Square Drive in White Marsh, Maryland adds to their real estate holdings, further strengthening their presence in the market.

Players

2 deals$9M volume
BUYER

Details

SOLD
IMAGE: Jim Lighthizer DATE: 11/22/2023 ADDRESS: 9900 Franklin Square Drive MARKET: Rosedale, MD ASSET TYPE: Office BUYER: Jim Lighthizer - Chesapeake Real Estate Group SALE PRICE: $4,200,000 SF: 34,000 ~ PPSF: $124 NOTE: Chesapeake Real Estate Group (CREG) has expanded its portfolio with the acquisition of 9900 Franklin Square Drive in White Marsh, Maryland, for $4.2 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71