Marcus Partners Acquires Property At 12000 Old Baltimore Pike Beltsville For $42M With Seller's Rep Chandler Pace And Dan Gaffey
SOLD
$42,000,000
Maryland
See Similar DealsIndustrial268,000 SF
Sold 09/28/2022
SOLD
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...
See Similar DealsIndustrial268,000 SF
Sold 09/28/2022
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$156
Total Square Footage:268,000 SF
Transaction Type:Sale
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:
- Property Type: Sale
- Transaction Amount: $42,000,000.00
- Address: 12000 Old Baltimore Pike, Beltsville
- Market: Beltsville
- Seller's Representative: Chandler Pace, Dan Gaffey - Institutional Property Advisors
- Buyer: Marcus Partners
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,239,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,217.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$199,101.43
Annual Debt Service$2,389,217.13
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