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
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