Jim Chivers Of Gold & Company Sells Industrial Property In Baltimore For $2.6M
SOLD
$2,625,000
Maryland
See Similar DealsIndustrial14,000 SF
Sold 12/16/2021
SOLD
Jim Chivers Of Gold & Company Sells Industrial Property In Baltimore For $2.6M
1400 Cherry Hill Road, Baltimore, Maryland 21225, United States
See Similar DealsIndustrial14,000 SF
Sold 12/16/2021
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$187
Total Square Footage:14,000 SF
Transaction Type:Sale
The industrial property located at 1400 Cherry Hill Rd in Baltimore, MD was recently sold. This property spans across 2.3 acres and has a total size of 14,000 square feet. The transaction was completed on 12/16/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,625,000
- Price per Square Foot: $188
- Seller: Jim Chivers - Gold & Company
This sale represents a significant transaction in the Baltimore, MD market. The property offers a spacious industrial space across 2.3 acres, providing ample room for various business operations. With a size of 14,000 square feet, this property offers plenty of space for manufacturing, warehousing, or other industrial uses. The transaction was facilitated by Jim Chivers, representing Gold & Company.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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