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Creswell Road, Bel Air, Mar...

MacKenzie Commercial Real Estate Services Brokers $7.6M Sale Of 10 Acres Of Land In Bel Air, MD At Route 543 & I-95
SOLD

MacKenzie Commercial Real Estate Services Brokers $7.6M Sale Of 10 Acres Of Land In Bel Air, MD At Route 543 & I-95

Creswell Road, Bel Air, Maryland 21015, United States

$7,600,000

Building Size

Asset Type

Closing

Dec 5, 2021

AI

A 10-acre parcel of land located at Route 543 & I-95 in Bel Air, MD has been sold for a transaction price of $7,600,000. The property is classified as land and was sold on the date of 12/06/2021. The sale was facilitated by Sean Langford of MacKenzie Commercial Real Estate Services.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $7,600,000
  • Address: Route 543 & I-95, Bel Air, MD
  • Market: Bel Air, MD
  • Asset Type: Land
  • Acres: 10

The deal was brokered by Sean Langford of MacKenzie Commercial Real Estate Services, who represented the parties involved in the transaction.

Players

Sean Langford

MacKenzie Commercial Real Estate Services

Broker

$20.1M

vol

3 deals

Broker

Bel Air CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93