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
Frederick Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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