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8251 Telegraph Rd, Odenton,...

Marley Welsh (Lee & Associates) Facilitates Lease Of 14680 SF Commercial Space In Odenton
LEASEDCommercial

Marley Welsh (Lee & Associates) Facilitates Lease Of 14680 SF Commercial Space In Odenton

8251 Telegraph Rd, Odenton, MD, 211...

Building Size

14,680 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

Located at 8251 Telegraph Road in Odenton, MD, the property is a commercial asset within the Telegraph Commerce Center, constructed in 2006. This expansive property spans 14,680 square feet and benefits from a convenient location just off MD Route 32. The surrounding area offers ample parking space with approximately 150 spots available.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not Applicable
  • Market: Odenton
  • Tenant's Rep: Marley Welsh (Lee & Associates)
  • Tenant: Crooked Crab Brewing Co.
  • Year Founded: 2018

Marley Welsh of Lee & Associates in Maryland played a pivotal role in facilitating the lease expansion at 8251 Telegraph Road on behalf of Crooked Crab Brewing Co. Since its inception in 2018, Crooked Crab Brewing has garnered a reputation for its distinctive selection of beers, with offerings such as Crooked Cream Ale, Haze for Days New England Pale Ale, Furious George Hefeweizen, High Joltage Coffee Stout, I Fought the Claw IPA, and Galactic Crablord Double IPA. The brewery selected Anne Arundel County for its production facility to take advantage of the untapped market for beer operations in the region.

Players

Marley Welsh

Lee & Associates

Broker

2 deals

Broker

Odenton Commercial Market Snapshot

Boundary boundary · Commercial · 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