Updated Sep 9, 2024
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
About this deal
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.
On the Map
$4,000,000
Industrial
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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