Updated Oct 29, 2024
Morris Tile Distributors Leases 33560 Square Feet At 6730 Dover Rd Glen Burnie With Hill Management Services
6730 Dover Rd, Glen Burnie, MD, 21060
Building Size
33,560 SF
Asset Type
Industrial
Closing
Dec 23, 2021
About this deal
AI
The property involved in the transaction is located at 6730 Dover Rd, Glen Burnie, MD, 21060. This lease transaction encompasses a space with a total area of 33,560 square feet within the Glen Burnie market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 6730 Dover Rd, Glen Burnie, MD, 21060
- Square Feet: 33,560
- Market: Glen Burnie
- Tenant: Morris Tile Distributors
- Landlord: Hill Management Services
- Tenant's Representative: Katie Gormley, Cushman & Wakefield
This transaction features the involvement of Morris Tile Distributors as the tenant and Hill Management Services as the landlord. Katie Gormley from Cushman & Wakefield represented the tenant in this deal, highlighting the collaborative efforts between the parties involved in securing this lease agreement.
Players
Glen Burnie 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