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:
- 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
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