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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant's Rep: Tom Whelan(Lee & Associates)
- Landlord: FCA
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
Rosedale 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