Seawall Development Acquires Industrial Property On Sisson Street In Baltimore For $5M
2600 Sisson Street, Baltimore, Maryland 21211, United States
$5,000,000
Building Size
—
Asset Type
Industrial
Closing
Apr 1, 2023
AI
The recent sale of an industrial property in Baltimore, MD has caught the attention of the real estate market. Located at 2600 Sisson Street, this property spans across a generous 3.5 acres. The transaction, facilitated by MacKenzie Commercial Real Estate Services, resulted in a sale price of $5,000,000. Seawall Development acquired the property from Sisson Trans LLC in this successful deal.
Summary of Transation Details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 2600 Sisson Street, Baltimore, MD
- Market: Baltimore, MD
- Buyer: Seawall Development
- Seller: Sisson Trans LLC
- Brokers: Daniel Hudak, Owen Rouse, and Andrew Meeder - MacKenzie Commercial Real Estate Services
- Acres: 3.5
This transaction showcases the strong demand for industrial properties in Baltimore, MD. Seawall Development, represented by Daniel Hudak, Owen Rouse, and Andrew Meeder of MacKenzie Commercial Real Estate Services, made a strategic move by acquiring this sizable property. The location of 2600 Sisson Street provides ample space and opportunities for industrial operations.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93