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1840 York Rd, Lutherville-T...

Little Leaves Behavioral Services Leases 9000 SF Industrial Space In Lutherville Timonium
LEASEDIndustrial

Little Leaves Behavioral Services Leases 9000 SF Industrial Space In Lutherville Timonium

1840 York Rd, Lutherville-Timonium...

Building Size

9,000 SF

Asset Type

Industrial

Closing

Oct 20, 2021

AI

The industrial property located at 1840 York Rd, Lutherville-Timonium, with a square footage of 9000, was leased in Lutherville Timonium. The landlord, St. John Properties, finalized the lease agreement with the tenant, Little Leaves Behavioral Services, on 10/20/2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Address: 1840 York Rd, Lutherville-Timonium
  • Market: Lutherville Timonium
  • Landlord's Rep: Michael Sacks
  • Tenant: Little Leaves Behavioral Services
  • Landlord: St. John Properties
  • Square Feet: 9000

Michael Sacks, representing the landlord in this transaction, played a crucial role in facilitating the lease of the industrial property to Little Leaves Behavioral Services. The collaboration between the landlord, St. John Properties, and the tenant, Little Leaves Behavioral Services, highlights a significant real estate deal that will impact the commercial landscape in Lutherville Timonium.

Players

Michael Sacks

Broker

3 deals

Broker
St. John Properties
St. John PropertiesBrokerage
St. John Properties
St. John PropertiesLandlord

Lutherville Timonium 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