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Crystal Rock Development Acquires Industrial Property In Rockville, MD For $13.4M

Property Image
SOLD
$13,400,000
Wilson Purcell
Joshua Norwitz
+ 2

Maryland

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Industrial48,948 SF
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Property Image
SOLD

Crystal Rock Development Acquires Industrial Property In Rockville, MD For $13.4M

12712 Rock Creek Mill Road, Rockville, Maryland 20852, United States

See Similar Deals
Industrial48,948 SF
Sold
Wilson Purcell
Joshua Norwitz
+ 2
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Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$273
Total Square Footage:48948 SF
Transaction Type:Sale

The industrial property located at 12712 Rock Creek Mill Road in Rockville, MD was recently sold in a closed transaction. The property spans 60,100 square feet and was sold for a total price of $13,400,000, resulting in a price per square foot of $223. The sale was facilitated by brokers Joe Friedman, Christine Klein, Wilson Purcell, and Joshua Norwitz of Edge Capital Markets.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,400,000
  • Address: 12712 Rock Creek Mill Road, Rockville, MD
  • Market: Rockville, MD
  • Buyer: Crystal Rock Development, LLC
  • Seller: GlenLine Investments
  • Brokers: Joe Friedman, Christine Klein, Wilson Purcell, and Joshua Norwitz - Edge Capital Markets

The sale of this industrial property was completed on 02/02/2022. Crystal Rock Development, LLC acted as the buyer, while GlenLine Investments was the seller. The involvement of brokers Joe Friedman, Christine Klein, Wilson Purcell, and Joshua Norwitz from Edge Capital Markets demonstrates their role in representing the parties in this transaction.

Players

Joe Friedman
11 deals$131M volume(202) 587-9610
BROKER

Joe Friedman
KLNB
11 deals$131M volume(202) 587-9610
BROKER

Cristine Kleine
2 deals$34.2M volume
BROKER

Wilson Purcell
3 deals$59.2M volume
BROKER

Joshua Norwitz
KLNB
8 deals$96.6M volume(202) 587-9613
BROKER

Joshua Norwitz
KLNB
8 deals$96.6M volume(202) 587-9613
BROKER

Christine Klein
Century 21
1 deal$13.4M volume
BROKER

Edge Commercial
BROKERAGE

Details

SOLD
IMAGE: Joe Friedman, Wilson Purcell & Joshua Norwitz DATE: 02/02/2022 ADDRESS: 12712 Rock Creek Mill Road MARKET: Rockville, MD ASSET TYPE: Industrial BUYER: Crystal Rock Development, LLC SELLER: GlenLine Investments BROKERS: Joe Friedman, Christine Klein, Wilson Purcell & Joshua Norwitz - Edge Capital Markets SALE PRICE: $13,400,000 SF: 60,100 ~ PPSF: $223

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$714,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
Annual Debt Service$762,274.04