Jim Lighthizer's Chesapeake Real Estate Group Acquires Office Building In Rosedale, MD For $4.2M
9900 Franklin Square Drive
$4,200,000
$123/SF
Building Size
34,000 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
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.
On the Map
$4,200,000
$123/SF
Office
View full map
Nottingham Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jim Lighthizer to view all their deals.
Browse Nottingham office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93