MacKenzie Commercial Real Estate Services Brokers $7.6M Sale Of 10 Acres Of Land In Bel Air, MD At Route 543 & I-95
SOLD
$7,600,000
Maryland
See Similar DealsSold 12/06/2021
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
See Similar DealsSold 12/06/2021
Summary
MARYLAND
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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