IP Capital Partners Acquires Industrial Property In Elkton For $21.85M

The industrial property located at 4055 Deerpark Blvd in Elkton has been sold in a closed transaction. The property spans approximately 246,818 square feet and was sold for a total price of $21,850,000, resulting in an average price per square foot of $89. The transaction took place on 08/24/2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,850,000
• Address: 4055 Deerpark Blvd
• Market: Elkton
• Square Footage: 246,818

The buyer of the property is IP Capital Partners, while the seller is Westmount Realty Capital. The deal was facilitated by the following brokers from CBRE: Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose.