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210 Mason Drive Rockville, ...

Private Investment Company Acquires 2.23-Acre Outdoor Storage Parcel In Rockville, MD For $4M
SOLDIndustrial

Private Investment Company Acquires 2.23-Acre Outdoor Storage Parcel In Rockville, MD For $4M

210 Mason Drive Rockville, Maryland 20850, Usa

$4,000,000

Building Size

Asset Type

Industrial

Closing

Jul 28, 2023

AI

A Washington, D.C.-based private investment company has purchased a 2.23-acre outdoor storage parcel in Rockville, Maryland, from a local family for $4 million. The property is located at 210-212 Mason Drive in Rockville and boasts an industrial asset type. The transaction took place on July 28, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Address: 210-212 Mason Drive, Rockville, MD
  • Market: Rockville, MD
  • Acres: 2.23

The deal was brokered by Joe Friedman and Joshua Norwitz from Keller Williams KLNB. They acted as the representatives of the buyer in the transaction.

Players

Joe Friedman

KLNB

Broker

$131M

vol

11 deals

Broker

Mason 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93