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1825-1829 Edison Highway Ba...

DNL 1825 Edison, LLC Acquires Edison Industrial Center In Northeast Baltimore For $1.275M
SOLDIndustrial

DNL 1825 Edison, LLC Acquires Edison Industrial Center In Northeast Baltimore For $1.275M

1825-1829 Edison Highway Baltimore, Maryland 21213, USA

$1,275,000

$79/SF

Building Size

16,000 SF

Asset Type

Industrial

Closing

Jun 26, 2023

AI

DNL 1825 Edison, LLC has purchased the Edison Industrial Center in Northeast Baltimore City for $1.275 million. The multi-use project, situated at the intersection of Edison Highway and E. North Avenue, offers over 16,000 square feet of warehouse, showroom, and commercial office space.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,275,000
  • Address: 1825-1829 Edison Highway, Baltimore, MD
  • Market: Baltimore, MD

Matt Jackson of Greenspring Realty Partners represented the buyer, DNL 1825 Edison, LLC, in the transaction. The seller, Edison Commercial, LLC, was represented by Patrick Smith, Andrew Meeder, and Chris Boland of MacKenzie Commercial Real Estate Services, LLC.

The new owner plans to implement a marketing and leasing strategy to achieve full occupancy of the industrial center.

Players

Patrick Smith

JLL

Broker

$1.3M

vol

6 deals

Broker

Baltimore 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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93