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1701 Leland Avenue

Marcus & Millichap Sells Industrial Property In Middle River, MD For $3.1M
SOLDIndustrial

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

Bryn Merrey

Marcus & Millichap

Broker

$42M

vol

7 deals

Broker

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