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6405 Dobbin Center Way

Wills Group Acquires Retail Property In Columbia, MD For $5.65M
SOLDRetail

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

23,391 SF

Asset Type

Retail

Closing

Jan 1, 2024

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.

Players

Dean Zang

Institutional Property Advisors

Broker

$193.9M

vol

18 deals

Broker

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