Hammes Partners Acquires Property At 7704 Matapeake Business Dr For $20.6M With Avison Young As Seller's Rep
7704 Matapeake Business Dr, Brandy...
$20,600,000
Building Size
—
Asset Type
Medical Office
Closing
Apr 19, 2019
AI
The property asset involved in the transaction is located at 7704 Matapeake Business Dr, Brandy. The sale price of the property was $20,600,000.00 and it encompasses a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $20,600,000.00
- Address: 7704 Matapeake Business Dr, Brandy
- Buyer: Hammes Partners
- Seller's Representatives: Mark Johnson (Avison Young), Chip Ryan (Avison Young), Georgiana Condoiu (Avison Young)
The key individuals representing the seller in this transaction are Mark Johnson, Chip Ryan, and Georgiana Condoiu, all associated with Avison Young. The buyer in this transaction is Hammes Partners, which plays a crucial role in the acquisition of the property.
Players
Market Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93