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12000 Old Baltimore Pike, B...

Marcus Partners Acquires Property At 12000 Old Baltimore Pike Beltsville For $42M With Seller's Rep Chandler Pace And Dan Gaffey
SOLDIndustrial

Marcus Partners Acquires Property At 12000 Old Baltimore Pike Beltsville For $42M With Seller's Rep Chandler Pace And Dan Gaffey

12000 Old Baltimore Pike, Beltsville...

$42,000,000

$156/SF

Building Size

268,000 SF

Asset Type

Industrial

Closing

Sep 28, 2022

AI

The property asset involved in this transaction is located at 12000 Old Baltimore Pike, Beltsville, within the Beltsville market. The transaction price stands at $42,000,000.00, and the property encompasses a total square footage of 268,000.

Summary of transaction details:

This transaction involved Chandler Pace and Dan Gaffey from Institutional Property Advisors representing the seller, while Marcus Partners acted as the buyer in this deal.

Players

Dan Gaffey

Institutional Property Advisors

Broker

$42M

vol

1 deal

Broker
Marcus Partners
Marcus PartnersBuyer

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