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10511 Tucker St, Beltsville...

Tom Whelan Of Lee & Associates Arranges Industrial Leases In Beltsville, MD
LEASEDIndustrial

Tom Whelan Of Lee & Associates Arranges Industrial Leases In Beltsville, MD

10511 Tucker St, Beltsville, MD, 20705

Building Size

29,688 SF

Asset Type

Industrial

Closing

Jan 31, 2018

AI

The industrial property located at 10511 Tucker St, Beltsville, MD, 20705, was part of a lease transaction involving SRS Distribution, a Texas-based national supplier of roofing and building materials. The lease encompassed 29,688 square feet in the Beltsville market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Tenant's Rep: Tom Whelan (Lee & Associates)
  • Landlord: FCA
  • Square Feet: 29,688

The lease transaction was facilitated by Tom Whelan, principal for Lee & Associates Maryland, representing SRS Distribution. This lease was one of three signed by SRS Distribution in the Washington, D.C.-Baltimore metropolitan region, totaling more than 87,000 square feet. The other two leases were for properties at 7455 Lake Drive in Baltimore and 6809 Bowman’s Crossing in Frederick. These warehouse leases were secured to support SRS Distribution’s regional office in Chantilly, Va.

Players

Tom Whelan

Lee & Associates

Broker

$15.5M

vol

4 deals

Broker
FCA
FCALandlord

Beltsville Industrial Market Snapshot

Boundary boundary · Industrial · 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