Thor Equities Group Acquires Office Property In Rockville, MD For $45M
9950 Medical Center Drive, Rockville, Maryland 20850, United States
$45,000,000
$194/SF
Building Size
231,000 SF
Asset Type
Office
Closing
Jan 11, 2022
About this deal
AI
Located at 9950 Medical Center Drive in Rockville, MD, this office property features a total of 17 acres. The transaction took place on January 11, 2022, with a sale price of $45,000,000. The property spans 231,000 square feet, resulting in a price per square foot of $195.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 9950 Medical Center Drive, Rockville, MD
The buyer in this transaction was Thor Equities Group, represented by Jack Sitt. Tommy Cleaver from CBRE acted as the seller's representative. The deal was closed in a successful transaction, highlighting the expertise of both the buyer and seller.
On the Map
$45,000,000
$194/SF
Office
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Players
Rockville 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93