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:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Square Footage: 6,300
- Price Per Square Foot: $1,111
- Address: 7715 Woodmont Avenue
- Market: Bethesda, MD
- Buyer's Representative: Gary Taubin & Kelly Silverman - CBRE
- Seller's Representative: Jack Alexander - AMR Commercial
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
Bethesda 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93