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JBG Smith Sells School In Bethesda, MD For $196M With JLL Brokers

Property Image
SOLD
$196,000,000
Kevin Byrd
James (Jim) Meisel
+ 2

Maryland

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Sold 05/17/2023
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Property Image
SOLD

JBG Smith Sells School In Bethesda, MD For $196M With JLL Brokers

4747 Bethesda Avenue Bethesda, Maryland 20814, Usa

See Similar Deals
Other
Sold 05/17/2023
Kevin Byrd
James (Jim) Meisel
+ 2
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Summary

MARYLAND
Asset Type:Other
Transaction Type:Sale

The property involved in this transaction is a school located at 4747 Bethesda Avenue, Bethesda, MD. The property was sold by JBG Smith for a price of $196,000,000.

Summary of transation details

The deal was facilitated by the brokers Jim Meisel, Matt Nicholson, Andrew Weir, Dave Baker, and Kevin Byrd, who represent JLL. They played a crucial role in the successful completion of the transaction.

Players

James (Jim) Meisel
5 deals$298.8M volume(202) 533-2505
BROKER

Matthew (Matt) Nicholson
JLL
4 deals$288.5M volume(410) 353-3041
BROKER

Andrew Weir
JLL
5 deals$298.8M volume
BROKER

Kevin Byrd
JLL
6 deals$305M volume
BROKER

Dave Baker
JLL
7 deals$345.6M volume
BROKER

JBG Smith
BROKERAGE

JBG Smith
SELLER

Details

SOLD
IMAGE: Jim Meisel, Matt Nicholson, Andrew Weir, Kevin Byrd & Dave Baker DATE: 05/17/2023 ADDRESS: 4747 Bethesda Avenue MARKET: Bethesda, MD ASSET TYPE: School SELLER: JBG Smith BROKERS: Jim Meisel, Matt Nicholson, Andrew Weir, Dave Baker & Kevin Byrd - JLL SALE PRICE: $196,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$696,346.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$929,139.99
Annual Debt Service$11,149,679.93