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1225 South Philadelphia Bou...

MCB Real Estate, Artemis Real Estate Partners & Ace Logistics Services Acquire Industrial Property In Aberdeen, MD For $80.7M
SOLDIndustrial

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

Robert Cashman

CBRE

Broker

$615.9M

vol

7 deals

Broker
Artemis Real Estate Partners
Artemis Real Estate PartnersBuyer

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