C. Wood Trucking Acquires Glen Burnie Warehouse For $1.6M
145 8th Avenue Northwest Glen Burnie, Maryland 21061, Usa
$1,600,000
$301/SF
Building Size
5,300 SF
Asset Type
Industrial
Closing
Jul 14, 2023
AI
C. Wood Trucking, LLC has purchased a warehouse property located at 145 8th Avenue NW in Glen Burnie, Maryland for $1.6 million. The property spans 5,300 square feet and sits on 1.63 acres of land. This industrial asset offers valuable outdoor storage space, which is in high demand, especially due to its proximity to the Port of Baltimore, BWI, and major interstates. The sellers in this transaction were represented by Matthew Curran, Daniel Hudak, and Andrew Meeder of MacKenzie Commercial Real Estate Services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 145 8th Ave NW, Glen Burnie, MD
- Market: Glen Burnie, MD
- Acres: 1.63
- Buyer: C. Wood Trucking, LLC
- Brokers: Matthew Curran, Daniel Hudak & Andrew Meeder - MacKenzie Commercial Real Estate Services
- Square Footage: 5,300
- Price Per Square Foot: $302
The acquisition of this warehouse property by C. Wood Trucking, LLC marks an investment opportunity in a prime location. The property's outdoor storage space, in addition to its size and proximity to important transportation hubs, provides a significant advantage for the buyer. The expertise of Matthew Curran, Daniel Hudak, and Andrew Meeder from MacKenzie Commercial Real Estate Services ensured a successful transaction for the sellers.
Players
Demotte 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93