Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,275,000
$79/SF
Industrial
View full map
Players
Baltimore Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Meeder to view all their deals.
Browse Maryland industrial sales on Traded.
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