Wills Group Acquires Retail Property In Columbia, MD For $5.65M
6405 Dobbin Center Way, 6415 Dobbin Center Way & 6425 Dobbin Center Way
$5,650,000
$241/SF
Building Size
7,797 SF
Asset Type
Retail
Closing
Jan 1, 2024
About this deal
AI
Marcus & Millichap announced the sale of 6405, 6415, and 6425 Dobbin Center Way, a 7,797-square-foot retail property in Columbia, Maryland. The property was sold for $5,650,000, with a price per square foot of $725.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,650,000
- Square Footage: 7,797
- Address: 6405, 6415 & 6425 Dobbin Center Way, Columbia, MD
- Market: Columbia, MD
The buyer in the transaction was Matt Wilcox of Wills Group. The brokers representing the buyer and seller were David Crotts and Dean Zang of Institutional Property Advisors.
On the Map
$5,650,000
$241/SF
Retail
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Players
Columbia 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93