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Greg J. Vangellow - RW Dake Construction Acquires Industrial Property In Owings Mills, MD For $7.75M
SOLD
$7,750,000
Maryland
See Similar DealsIndustrial51,448 SF
Sold 01/24/2024
SOLD
Greg J. Vangellow - RW Dake Construction Acquires Industrial Property In Owings Mills, MD For $7.75M
Industrial51,448 SF
Sold 01/24/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:51,448 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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