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630 Hanover Pike, Hampstead...

STAG Industrial Leases Space In Hampstead With Landlord's Reps Allan Riorda And John Van Buskirk
LEASEDIndustrial

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

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.

Players

Ned Brady

Lee & Associates

Broker

$21M

vol

6 deals

Broker
Stag Industrial
Stag IndustrialLandlord

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