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Private Investment Company Acquires 2.23-Acre Outdoor Storage Parcel In Rockville, MD For $4M
SOLD
$4,000,000
Maryland
See Similar DealsIndustrial
Sold
SOLD
Private Investment Company Acquires 2.23-Acre Outdoor Storage Parcel In Rockville, MD For $4M
210 Mason Drive Rockville, Maryland 20850, Usa
See Similar DealsIndustrial
Sold
Summary
MARYLAND
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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