Updated Oct 12, 2026
Industrial Property At 240 South Kresson Street Sold For $3.95M With Gold And Company
240 South Kresson Street
$3,950,000
$395/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Dec 1, 2025
About this deal
AI
The industrial property located at 240 South Kresson Street in Baltimore, MD, has been sold for $3,950,000. The asset measures 10,000 square feet and has been transacted at a price per square foot of $395. This sale reflects the growing demand for industrial properties equipped with outdoor storage and modern maintenance facilities in the Baltimore market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,950,000
- Square Footage: 10,000
- Address: 240 South Kresson Street
- Market: Baltimore, MD
- Price per Square Foot: $395
- Brokers: Jim Chivers & Will McCullough - Gold And Company
This transaction involved a long-term tenant, Apple Valley Waste, remaining in the property post-sale. Gold and Company managed the deal, highlighting the favorable conditions for industrial transactions in the region.
On the Map
$3,950,000
$395/SF
Industrial
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Players
Baltimore 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93