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7455 Lake Drive

Tom Whelan Leases 87,000 SF In DC-Baltimore Area For SRS Distribution
LEASEDIndustrial

Tom Whelan Leases 87,000 SF In DC-Baltimore Area For SRS Distribution

7455 Lake Drive

Building Size

28,800 SF

Asset Type

Industrial

Closing

Jan 31, 2018

AI

The industrial property located at 7455 Lake Dr, Rosedale, MD, 21237, spans 28,800 square feet and is situated in the Rosedale market. The lease was signed on 01/31/2018.

Summary of transation details:

SRS Distribution, a national supplier of roofing and building material based in Texas, secured three leases totaling over 87,000 square feet in the Washington, D.C.-Baltimore metropolitan region. Tom Whelan, acting as the principal for Lee & Associates Maryland, facilitated these transactions, which include the 28,800 square feet lease at 7455 Lake Drive in Rosedale, MD.

Players

Tom Whelan

Lee & Associates

Broker

$15.5M

vol

4 deals

Broker
FCA
FCALandlord

Rosedale Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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