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SRS Real Estate Partners Arranges $6.3 Million Sale Of Retail Property In Waldorf, MD

Property Image
SOLD
$6,300,000
Philip Wellde
Ed Laycox
Rick Fernandez
+ 1

Maryland

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Retail8,484 SF
Sold 01/10/2025
the dealplayerscompscontact
Property Image
SOLD

SRS Real Estate Partners Arranges $6.3 Million Sale Of Retail Property In Waldorf, MD

2952 Festival Way

See Similar Deals
Retail8,484 SF
Sold 01/10/2025
Philip Wellde
Ed Laycox
Rick Fernandez
+ 1
the dealplayerscompscontact
Contact now

Summary

MARYLAND
Asset Type:Retail
Price Per Square Foot:$742
Total Square Footage:8,484 SF
Transaction Type:Sale

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:

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.

Players

Andrew Fallon
SRS Real Estate Partners
Andrew Fallon
15 deals$141.3M volume
BROKER
Rick Fernandez
SRS Real Estate Partners
Rick Fernandez
8 deals$82.9M volume
BROKER
Philip Wellde
SRS Real Estate Partners
Philip Wellde
7 deals$63.3M volume(703) 268-0854
BROKER
Ed Laycox
SRS Real Estate Partners
Ed Laycox
1 deal$6.3M volume(202) 236-6868
BROKER

Details

SOLD
IMAGE: 01/10/2025 ADDRESS: 2952 Festival Way MARKET: Waldorf, MD ASSET TYPE: Retail SELLER: Republic Land Development BROKERS: Andrew Fallon, Ed Laycox, Philip Wellde & Rick Fernandez - SRS Real Estate Partners SALE PRICE: $6,300,000 SF: 8,484 ~ PPSF: $743 NOTE: SRS Real Estate Partners arranged the $6.3 million sale of The Shoppes at Waldorf Park, an 8,484-square-foot retail property anchored by Starbucks.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57