David Z. Steinberg And Eli Fleischman Acquire Office Asset In Silver Spring For $11M

The property asset involved in the transaction is an office space located at 8455 Colesville Road in Silver Spring, MD. The sale price for this asset was $11,000,000, and it encompasses a total area of 220,000 square feet, resulting in a price per square foot of $50.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Address: 8455 Colesville Road
• Market: Silver Spring, MD
• Asset Size: 220,000 SF
• Price per Square Foot: $50
• Buyer: David Z. Steinberg - Ascendra Capital
• Buyer: Eli Fleischman - Blue Management
• Buyer’s Representatives: Seth Grossman & Ronnie Levine - Green Pine Real Estate
• Lender: Scott Larson - Obra Capital

This transaction involved key individuals from various companies, including buyers David Z. Steinberg representing Ascendra Capital and Eli Fleischman from Blue Management. The buyer's representatives were Seth Grossman and Ronnie Levine of Green Pine Real Estate, while the transaction was financed by Scott Larson from Obra Capital.