Updated Oct 28, 2024
Jim Chivers Of Gold & Company Sells Industrial Property In Baltimore For $2.6M
1400 Cherry Hill Road, Baltimore, Maryland 21225, United States
$2,625,000
$187/SF
Building Size
14,000 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
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
Brooklyn 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93