One Medical Leases 4040 Square Feet At Edgewater Town Center Represented By Marta Villa
905 River Road
Building Size
4,040 SF
Asset Type
Retail
Closing
Feb 5, 2025
AI
The property involved in this transaction is a retail asset located at 905 River Road in Edgewater. The total square footage of the space is 4,040, and it is part of the Whole Foods-anchored Edgewater Town Center, which has now reached 99% occupancy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 905 River Road
- Market: Edgewater
- Tenant: One Medical
- Landlord's Representative: Brian Katz & Jonathan Greenberg - Katz & Associates Real Estate Advisors
- Tenant's Representative: Marta Villa - CBRE
One Medical signed a lease for the specified retail space, with Brian Katz and Jonathan Greenberg representing the landlord in the transaction. Marta Villa represented the tenant, showcasing the collaborative efforts of both brokerage teams in consolidating the lease agreement.
Players
Edgewater Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93