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Mid Atlantic Express LLC Acquires 25400 Square Foot Warehouse In Baltimore For $4.5M
SOLD
$4,500,000
Maryland
See Similar DealsIndustrial25,400 SF
Sold 11/03/2025
SOLD
Mid Atlantic Express LLC Acquires 25400 Square Foot Warehouse In Baltimore For $4.5M
1340 Chesapeake Avenue
See Similar DealsIndustrial25,400 SF
Sold 11/03/2025
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:25,400 SF
Transaction Type:Sale
Mid Atlantic Express LLC acquired a 25,400-sq-ft warehouse at 1340 Chesapeake Avenue in Baltimore, MD for $4.5M. The property, classified as industrial, is situated in the Curtis Bay area and was sold at a price per square foot of $177.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 1340 Chesapeake Avenue
- Market: Baltimore, MD
- Square Footage: 25,400
- Price Per Square Foot: $177
MacKenzie Commercial Real Estate Services' Andrew Meeder, Daniel Hudak, and Matthew Curran represented the buyer in this transaction, facilitating the deal on behalf of Mid Atlantic Express LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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