Updated Oct 29, 2024
Bray & Scarff Leases 12000 Square Feet At 8610 Cherry Ln Laurel Represented By Claire Cobert
8610 Cherry Ln, Laurel, MD, 20707
Building Size
12,000 SF
Asset Type
Industrial
Closing
Nov 16, 2022
About this deal
AI
The property involved in this transaction is located at 8610 Cherry Ln, Laurel, MD, 20707. It consists of a total area of 12,000 square feet and is situated in the Laurel market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 8610 Cherry Ln, Laurel, MD, 20707
- Market: Laurel
- Square Feet: 12,000
- Landlord's Representative: Claire Cobert (St. John Properties)
- Tenant: Bray & Scarff
The transaction involved Claire Cobert representing the landlord, St. John Properties, while Bray & Scarff acted as the tenant in the lease agreement. The details indicate the key representatives involved in formalizing this agreement within the Laurel market.
Players
Laurel 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