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1000 Saint Nicholas Drive

Henry Bae Purchases Retail Asset At 1000 Saint Nicholas Drive Maryland For $24.38M
SOLDRetail

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:

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

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