Updated Oct 29, 2024
STAG Industrial Leases Space In Hampstead With Landlord's Reps Allan Riorda And John Van Buskirk
630 Hanover Pike, Hampstead, MD, 2...
Building Size
1 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is a lease located at 630 Hanover Pike, Hampstead, MD, with a total area of 1 square foot. It is situated in the Hampstead market and is leased to STAG Industrial.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 630 Hanover Pike, Hampstead, MD
- Market: Hampstead
- Landlord: STAG Industrial
- Landlord's Representatives: Allan Riorda (Lee & Associates), John Van Buskirk (Lee & Associates)
The lease transaction was facilitated with the involvement of two representatives from Lee & Associates, who are representing the landlord, STAG Industrial. Their expertise in the Hampstead market contributed to the execution of this deal.
On the Map
Industrial
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Players
Hampstead 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