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

Property Image
SOLD
$1,275,000
Andrew Meeder
Patrick Smith
Matt Jackson
+ 1

Maryland

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Industrial16,000 SF
Sold 06/26/2023
the dealplayerscompscontact
Property Image
SOLD

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

1825-1829 Edison Highway Baltimore, Maryland 21213, USA

See Similar Deals
Industrial16,000 SF
Sold 06/26/2023
Andrew Meeder
Patrick Smith
Matt Jackson
+ 1
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$79
Total Square Footage:16,000 SF
Transaction Type:Sale

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
Patrick Smith
6 deals$1.3M volume
BROKER
Andrew Meeder
MacKenzie Commercial Real Estate Services
Andrew Meeder
18 deals$72.8M volume
BROKER
Matt Jackson
Greenspring Realty Partners
Matt Jackson
3 deals$75.4M volume(443) 608-4596
BROKER
Chris Boland
MacKenzie Commercial Real Estate Services
Chris Boland
2 deals$3.8M volume(410) 494-6644
BROKER

Details

SOLD
IMAGE: Patrick Smith, Andrew Meeder & Chris Boland DATE: 06/26/2023 ADDRESS: 1825-1829 Edison Highway MARKET: Baltimore, MD ASSET TYPE: Industrial SELLER: Edison Commercial, LLC BUYER'S REP: Matt Jackson - Greenspring Realty Partners SELLER'S REP: Patrick Smith, Andrew Meeder & Chris Boland - MacKenzie Commercial Real Estate Services, LLC SALE PRICE: $1,275,000 SF: 16,000 ~ PPSF: $80 NOTE: 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, and the new owner plans to implement a marketing and leasing strategy to achieve full occupancy.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,529.81
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