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.
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