SRS Real Estate Partners Arranges $6.3 Million Sale Of Retail Property In Waldorf, MD
2952 Festival Way
$6,300,000
$742/SF
Building Size
8,484 SF
Asset Type
Retail
Closing
Jan 10, 2025
About this deal
AI
The Shoppes at Waldorf Park is an 8,484-square-foot retail property located at 2952 Festival Way, Waldorf, MD. The property was sold for $6,300,000, translating to a price per square foot of approximately $743. The property is anchored by a Starbucks, adding to its retail significance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000
- Address: 2952 Festival Way
- Market: Waldorf, MD
- Square Footage: 8,484
- Price per Square Foot: $743
- Seller: Republic Land Development
- Broker Representatives: Andrew Fallon, Ed Laycox, Philip Wellde & Rick Fernandez - SRS Real Estate Partners
SRS Real Estate Partners facilitated the transaction involving the retail property. The sale underscores the firm's role in connecting the seller, Republic Land Development, with potential buyers and successfully negotiating the terms of the deal.
On the Map
$6,300,000
$742/SF
Retail
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Players
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93