MCB Real Estate, Artemis Real Estate Partners & Ace Logistics Services Acquire Industrial Property In Aberdeen, MD For $80.7M
1225 South Philadelphia Boulevard Aberdeen, Maryland 21001, USA
$80,700,000
$93/SF
Building Size
859,900 SF
Asset Type
Industrial
Closing
Jun 6, 2023
AI
Located at 1225 South Philadelphia Blvd in Aberdeen, MD, this industrial property spans across 98.5 acres. The property was recently sold for a transaction amount of $80,700,000. With a total square footage of 859,900, the property is valued at $94 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,700,000
- Address: 1225 South Philadelphia Blvd, Aberdeen, MD
- Market: Aberdeen, MD
- Acres: 98.5
MCB Real Estate, Artemis Real Estate Partners, and Ace Logistics Services acted as the buyers in this transaction. Benjamin Meisels and Peter Hajimihalis from JLL represented the buyer's side. On the seller's side, Robert Cashman and Jonathan Beard from CBRE were the representatives.
Players
Aberdeen 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93