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1003 W Patrick St, Frederic...

Acadia Realty Trust Acquires 1003 W Patrick St Frederick From WashREIT For Closed Sale
SOLDRetail

Acadia Realty Trust Acquires 1003 W Patrick St Frederick From WashREIT For Closed Sale

1003 W Patrick St, Frederick, MD, 21703

Building Size

227,382 SF

Asset Type

Retail

Closing

Sep 4, 2019

AI

The property asset involved in the transaction is located at 1003 W Patrick St, Frederick, MD, 21703, within the Frederick market. The total square footage of the property is 227,382. The seller of the property is WashREIT, and the buyer is Acadia Realty Trust.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: Not specified
  • Address: 1003 W Patrick St, Frederick, MD, 21703
  • Market: Frederick
  • Seller: WashREIT
  • Buyer: Acadia Realty Trust
  • Seller's Representatives: Jordan Lex-JLL, Kim Flores-JLL, John Owendoff-Cushman & Wakefield
  • Square Footage: 227,382

The transaction involved key individuals from different agencies, with Jordan Lex and Kim Flores representing the seller from JLL, while John Owendoff represented the seller from Cushman & Wakefield. The representation of the seller was comprehensive, ensuring various brokerage insights contributed to the transaction.

Players

Kim Flores

JLL

Broker

$3.2B

vol

35 deals

Broker
Acadia Realty Trust
Acadia Realty TrustBrokerage
Acadia Realty Trust
Acadia Realty TrustBuyer

Frederick 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93