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1407 Rome Road, Halethorpe,...

Ruff Roofers, Inc Acquires Industrial Property In Halethorpe, MD For $2.3M
SOLDIndustrial

Ruff Roofers, Inc Acquires Industrial Property In Halethorpe, MD For $2.3M

1407 Rome Road, Halethorpe, Maryland 21227, United States

$2,300,000

$104/SF

Building Size

22,000 SF

Asset Type

Industrial

Closing

Jun 28, 2022

AI

The industrial property located at 1407 Rome Rd in Halethorpe, MD has been sold in a recent transaction. The property spans 22,000 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $105. The buyer of the property is Ruff Roofers, Inc, while the seller is Mid-Atlantic Carpenters and Training.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Address: 1407 Rome Rd, Halethorpe, MD
  • Market: Halethorpe, MD

The buyer was represented by Andrew Meeder and Daniel Hudak from MacKenzie Commercial Real Estate Services, whereas the seller was represented by Robert Filley, Nick Pirone, and Bryan Herr from Marcus & Millichap.

Players

Robert Filley

Marcus & Millichap

Broker

$150.3M

vol

9 deals

Broker

Halethorpe 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93