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24620 Frederick Road Clarks...

Updated Oct 29, 2024

Great American Landscapes Acquires 11.5-Acre Industrial Site In Clarksburg, MD For $5.3M
SOLDIndustrial

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

Adam Nachlas

MacKenzie Commercial Real Estate Services

Broker

$5.3M

vol

1 deal

Broker

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

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