Marcus & Millichap Sells Industrial Property In Middle River, MD For $3.1M
1701 Leland Avenue
$3,100,000
$142/SF
Building Size
21,790 SF
Asset Type
Industrial
Closing
Dec 14, 2023
AI
Marcus & Millichap has announced the sale of 1701 Leland Avenue, a 21,790-square-foot industrial property on 3.58 acres of land in Middle River, Maryland. The property was sold for a total of $3,100,000, resulting in a price per square foot of $142.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Square Footage: 21,790
- Address: 1701 Leland Avenue, Middle River, MD
- Market: Middle River, MD
The sale was facilitated by Bryn Merrey and John Faus of Marcus & Millichap, who represented the parties involved in the transaction.
Located near Baltimore, the industrial property presents an attractive opportunity with its substantial size of 21,790 square feet on 3.58 acres of land. The transaction price of $3,100,000 reflects a price per square foot of $142, demonstrating the value and potential of the property. Bryn Merrey and John Faus of Marcus & Millichap played a key role in facilitating this successful deal.
Players
Lima 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93