Updated Oct 29, 2024
The Wilburn Company Leases 10890 Square Feet At 805 Pinnacle Dr In Linthicum Heights
805 Pinnacle Dr, Linthicum Heights, MD 21090, USA
Building Size
10,890 SF
Asset Type
Industrial
Closing
Jul 18, 2022
About this deal
AI
The property asset involved in this transaction is located at 805 Pinnacle Dr, Linthicum Heights. This lease encompasses a total of 10,890 square feet, contributing to the market presence of Linthicum Heights.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 805 Pinnacle Dr, Linthicum Heights
- Market: Linthicum Heights
- Tenant: The Wilburn Company
- Tenant's Representative: Jimmy Wilburn
- Landlord's Representative: Lacy Johansson
- Square Feet: 10,890
This transaction involves key representatives such as Jimmy Wilburn, acting on behalf of The Wilburn Company, and Lacy Johansson, representing the landlord. Their roles were essential in facilitating this lease agreement, ensuring both parties reached an agreeable resolution.
Players
Linthicum Heights 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