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7715 Woodmont Avenue

Updated Aug 28, 2026

Steve Salis Acquires Former Woodmont Grill Property In Bethesda For $7 Million With CBRE's Representation
SOLDRetail

Steve Salis Acquires Former Woodmont Grill Property In Bethesda For $7 Million With CBRE's Representation

7715 Woodmont Avenue

$7,000,000

$1,111/SF

Building Size

6,300 SF

Asset Type

Retail

Closing

Aug 17, 2026

About this deal

AI

The retail asset located at 7715 Woodmont Avenue in Bethesda, MD was sold for $7 million. The property spans 6,300 square feet, resulting in a price per square foot of $1,111. The sale was finalized on August 17, 2026, marking the acquisition of the former Woodmont Grill property, which had been operated by Hillstone Restaurant Group until its closure in October.

Summary of transaction details:

Notably, the transaction involved D.C. restaurateur Steve Salis acquiring the property, highlighting a significant shift following the closure of the established Woodmont Grill.

Players

Kelly Silverman

CBRE

Broker

$7M

vol

1 deal

Broker

Bethesda Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $7M for 6,300 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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