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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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