Affiliate Of Bien/Paul Ventures Sells Retail Property In Arbutus, MD For $5.7M
5203 East Dr,Arbutus, MD
$5,700,000
$87/SF
Building Size
65,155 SF
Asset Type
Retail
Closing
Jan 3, 2023
About this deal
AI
The transaction involved a retail asset located at 5203 East Dr, Arbutus, MD. The property encompasses a total square footage of 65,155 and was sold for a price of $5,700,000, resulting in a price per square foot of $87.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 5203 East Dr
- Market: Arbutus, MD
- Seller: Affiliate of Bien/Paul Ventures
- Broker: Gil Neuman - Neuman Commercial Group
The deal was facilitated by Gil Neuman, representing the seller in the transaction through Neuman Commercial Group, ensuring a successful sale for the affiliate of Bien/Paul Ventures.
West Liberty 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93