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12000 Baltimore Avenue Belt...

Cima Food Leases 15,000 SF Industrial Space In Beltsville, MD
LEASEDIndustrial

Cima Food Leases 15,000 SF Industrial Space In Beltsville, MD

12000 Baltimore Avenue Beltsville, Maryland 20705, USA

Building Size

15,000 SF

Asset Type

Industrial

Closing

Aug 1, 2023

AI

Cima Food, a processing and packaging equipment provider, has signed a new lease for 15,000 square feet of industrial space at 12000 Baltimore Ave. in Beltsville, MD. The property, owned by Bernstein Management Corp, is located in the industrial market of Beltsville, MD.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Square Footage: 15,000 SF
  • Address: 12000 Baltimore Ave, Beltsville, MD
  • Market: Beltsville, MD

The lease transaction was facilitated by Kenneth Fellows of KLNB, representing Bernstein Management Corp as the landlord's representative, and Gary Edell of 4Dimensional Real Estate Solutions, representing Cima Food as the tenant's representative. The deal marks a new opportunity for Cima Food to expand its operations in the industrial sector.

Players

Kenneth Fellows

KLNB

Broker

$116.4M

vol

8 deals

Broker

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