Friend Commercial Real Estate Represents Buyer In $18.5M Retail Center Sale In Edgewater MD
139 Mitchells Chance Road
$18,500,000
$308/SF
Building Size
60,000 SF
Asset Type
Retail
Closing
May 14, 2025
About this deal
AI
A retail center located at 139 Mitchells Chance Road in Edgewater, MD was sold for $18,500,000. The asset has a total area of 60,000 square feet and is currently 93% leased to 21 tenants, providing a price per square foot of $308.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 139 Mitchells Chance Road
- Market: Edgewater, MD
- Square Footage: 60,000
- Price per Square Foot: $308
- Leased Percentage: 93%
- Number of Tenants: 21
The buyer was represented in this transaction by Matthew Antonis from Friend Commercial Real Estate, which facilitated the purchase of the retail center in Edgewater, MD.
On the Map
$18,500,000
$308/SF
Retail
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Edgewater 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93