Updated Dec 4, 2024
Greg J. Vangellow - RW Dake Construction Acquires Industrial Property In Owings Mills, MD For $7.75M
$7,750,000
$150/SF
Building Size
51,448 SF
Asset Type
Industrial
Closing
Jan 24, 2024
About this deal
AI
RW Dake Construction has acquired a 51,448-square-foot warehouse at 10331 S. Dolfield Road in Owings Mills, MD for a total of $7,750,000. The property is an industrial asset located in Baltimore County.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Square Footage: 51,448
- Price per Square Foot: $151
- Address: 10331 S. Dolfield Road, Owings Mills, MD
- Market: Owings Mills, MD
The buyer in this transaction is Greg J. Vangellow, representing RW Dake Construction. The seller is United Sortation Solutions, LLC. The deal was facilitated by the brokers Andrew Meeder, Daniel Hudak, and Matthew Curran from MacKenzie Commercial Real Estate Services.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Curran to view all their deals.
Browse Maryland industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93