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7704 Matapeake Business Dr,...

Hammes Partners Acquires Property At 7704 Matapeake Business Dr For $20.6M With Avison Young As Seller's Rep
SOLDMedical Office

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:

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

Chip Ryan

Avison Young

Broker

$369.8M

vol

4 deals

Broker
HP
Hammes PartnersBuyer

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