Ground Lease Sale Of Retail Property In Clarksburg, MD For $8.2M
22702 Gosnell Farm Drive, Clarksburg, Maryland 20841, United States
$8,200,000
$1,025/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Nov 9, 2022
AI
A ground-lease sale transaction has taken place in Clarksburg, MD. The property involved is a retail asset spanning 2.7 acres located at 22702 Gosnell Farm Drive. The deal was facilitated by Michael Berk and Sheree Strome of SRS Real Estate Partners. The sale price for the property was $8,200,000, with a total square footage of 8,000. This translates to a price per square foot of $1,025.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 22702 Gosnell Farm Drive, Clarksburg, MD
- Market: Clarksburg, MD
- Brokers: Michael Berk and Sheree Strome - SRS Real Estate Partners
- Property Size: 2.7 acres
- Square Footage: 8,000
- Price per Square Foot: $1,025
The ground-lease sale was successfully executed with the involvement of Michael Berk and Sheree Strome from SRS Real Estate Partners. Their expertise and representation played a pivotal role in facilitating the transaction.
Players
Clarksburg 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93