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145 8th Avenue Northwest Gl...

C. Wood Trucking Acquires Glen Burnie Warehouse For $1.6M
SOLDIndustrial

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

Andrew Meeder

MacKenzie Commercial Real Estate Services

Broker

$77.4M

vol

20 deals

Broker

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