Updated Oct 28, 2024
Marcus Partners Acquires Industrial Property In Beltsville, MD For $42M
11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States
$42,000,000
$156/SF
Building Size
268,000 SF
Asset Type
Industrial
Closing
Sep 27, 2022
About this deal
AI
The industrial property located at 11900 & 12000 Old Baltimore Pike in Beltsville, MD has been sold in a transaction.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $42,000,000
- Square Footage: 268,000
- Price per Square Foot: $157
- Date: 09/28/2022
- Market: Beltsville, MD
Marcus Partners has acquired the property from Standard Properties. The deal was facilitated by Chandler Pace and Dan Gaffey of Institutional Property Advisors representing the buyer.
The industrial sale at 11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States in Beltsville, Maryland sold for $42M in 2022. The building is 268,000 square feet, implying about 156 per square foot on the published price. Named participants on the 11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States sale are Marcus. This page is the Beltsville, Maryland file for the 11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Beltsville sit in the Market section below. Filter that Beltsville industrial set by closing date to see what else sold near 11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States around 2022. Published consideration for 11900 Old Baltimore Pike, Beltsville, Maryland 20705, United States is $42M, dated 2022. Cite this Marcus Partners Acquires Industrial Property In Beltsville, MD For $42M sale when underwriting similar industrial product around Beltsville, Maryland.
On the Map
$42,000,000
$156/SF
Industrial
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Players
Beltsville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93