Updated Oct 29, 2024
Great American Landscapes Acquires 11.5-Acre Industrial Site In Clarksburg, MD For $5.3M
24620 Frederick Road Clarksburg, Maryland 20871, USA
$5,300,000
Building Size
—
Asset Type
Industrial
Closing
Aug 10, 2023
About this deal
AI
A 11.5-acre industrial property located at 24620 Frederick Road in Clarksburg, Maryland has been sold for $5,300,000. The transaction was facilitated by MacKenzie Commercial Real Estate Services. The property is situated in Montgomery County, Maryland.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Address: 24620 Frederick Road, Clarksburg, MD
- Market: Clarksburg, MD
- Acres: 11.5
Adam Nachlas from MacKenzie Commercial Real Estate Services and Lisa Baker from EXP Realty represented the buyer and seller respectively. The buyer of the property is Great American Landscapes. The seller is John DeMint and Edna DeMint.
A notable mention is that MacKenzie Commercial Real Estate Services played a crucial role in facilitating the $5.3 million sale of this 11.5-acre site in Clarksburg, Montgomery County, Maryland.
Players
Clarksburg 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93