BIG Shopping Centers USA Sells Retail Property In Gaithersburg, MD For $24.5M
300 North Frederick Avenue, Gaithersburg, Maryland 20877, United States
$24,500,000
$346/SF
Building Size
70,639 SF
Asset Type
Retail
Closing
Jun 26, 2022
AI
The retail property located at 300 N Frederick Ave in Gaithersburg, MD has been sold for a total price of $24,500,000. The property spans a total area of 70,639 square feet, resulting in a price per square foot of $347. The seller of the property was BIG Shopping Centers USA.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,500,000
- Address: 300 N Frederick Ave, Gaithersburg, MD
- Market: Gaithersburg, MD
- Square Footage: 70,639
- Price per Square Foot: $347
The sale of this retail property was handled by broker representatives David Crotts, Josh Ein, and Dean Zang from Institutional Property Advisors.
Players
Gaithersburg 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93