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5715 Crain Highway, Upper M...

Updated Oct 29, 2024

Renaud Consulting Acquires Retail Property In Upper Marlboro, Md For $10.8M
SOLDRetail

Renaud Consulting Acquires Retail Property In Upper Marlboro, Md For $10.8M

5715 Crain Highway, Upper Marlboro, Maryland 20772, United States

$10,800,000

$117,391/SF

Building Size

92 SF

Asset Type

Retail

Closing

Jan 10, 2023

About this deal

AI

Located at 5715 Crain Highway in Upper Marlboro, Md, this retail property was recently sold in a closed transaction. The property spans a total of 92,649 square feet, with a price per square foot of $117, resulting in a total sale price of $10,800,000. The sale was facilitated by Versa Real Estate, the seller of the property.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,800,000
  • Address: 5715 Crain Highway
  • Market: Upper Marlboro, Md

Representing the buyer in this transaction were Henry Renaud and Dug Hirt from Renaud Consulting. On the seller's side, Vito Lupo, Chris Burnham, Andy Stape, and Jake Furnary from KLNB acted as the seller's representatives. These individuals played a crucial role in facilitating the deal, ensuring a successful closed transaction.

Players

Upper Marlboro Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $117.4K per square foot on a published $10.8M for 92 square feet (2023).

Browse Maryland retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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