FB Investments Acquires Retail Property In Frederick, MD For $8.4M
6920 Crestwood Boulevard, Frederick, Maryland 21703, United States
$8,400,000
$147/SF
Building Size
57,000 SF
Asset Type
Retail
Closing
Mar 11, 2022
About this deal
AI
The retail property located at 6920 Crestwood Blvd in Frederick, MD has been sold for a total of $8,400,000. The transaction took place on 11/03/2022. The property spans across 57,000 square feet, resulting in a price per square foot of $147. The buyer of the property is FB Investments, while VD Development Group acted as the seller. The deal was facilitated by Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors, who represented the respective parties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,400,000
- Date: 11/03/2022
- Address: 6920 Crestwood Blvd, Frederick, MD
- Market: Frederick, MD
- Buyer: FB Investments
- Seller: VD Development Group
- Brokers: Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors
- Square Footage: 57,000
- Price per Square Foot: $147
The sale of the retail property at 6920 Crestwood Blvd was successfully concluded with the assistance of the highly experienced brokers Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors. Their expertise in the market and negotiation skills benefited both the buyer, FB Investments, and the seller, VD Development Group.
Players
Frederick 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93