Henry Bae Purchases Retail Asset At 1000 Saint Nicholas Drive Maryland For $24.38M
1000 Saint Nicholas Drive
$24,379,000
$208/SF
Building Size
116,828 SF
Asset Type
Retail
Closing
Jun 21, 2024
AI
The property asset involved in this transaction is a retail space located at 1000 Saint Nicholas Drive in Maryland. The sale was finalized at a price of $24,379,000, encompassing a total area of 116,828 square feet, which equates to a price per square foot of $209.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,379,000
- Address: 1000 Saint Nicholas Drive
- Market: Maryland
- Square Footage: 116,828
- Price per Square Foot: $209
- Buyer: Henry Bae
- Buyer's Representative: Justin Conway, Haley Hasho & Andrew Eden - Exodus Capital
- Seller's Representative: Richard Dorfman, Britt Raymond & Kyle Fant - SRS Real Estate Partners
This transaction involved key individuals from Exodus Capital and SRS Real Estate Partners. The buyer's representatives included Justin Conway, Haley Hasho, and Andrew Eden, while the seller's representatives were Richard Dorfman, Britt Raymond, and Kyle Fant. Their engagement facilitated the successful closing of the property sale.
Players
Waldorf Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93