facebook

traded

+ Submit
Home

/

Deals

/

Maryland

/

Retail

/

Sale

/

761 East Wilson Boulevard

Raj Patel Acquires Retail Property From Joe Frio In Hagerstown For $4.15M
SOLDRetail

Raj Patel Acquires Retail Property From Joe Frio In Hagerstown For $4.15M

761 East Wilson Boulevard

$4,150,000

$79/SF

Building Size

52,000 SF

Asset Type

Retail

Closing

Jan 31, 2024

AI

The retail property located at 761 East Wilson Boulevard in Hagerstown, MD, was recently sold in a transaction on 01/31/2024. The property spans 52,000 square feet and was sold for $4,150,000 at a price per square foot of $80.

Summary of transaction details:

Raj Patel acquired the retail property from Joe Frio, with representation from brokers Jacob Baruch, Ari Warshaw, and Jonah Warshaw of Legacy Realty Group Advisors. This transaction highlights the key individuals involved in the deal.

Players

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker

Hagerstown Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93