Houff Transfer Sells Industrial Property In Baltimore For $7.8M
SOLD
$7,800,000
Maryland
See Similar DealsIndustrial27,500 SF
Sold 05/02/2024
SOLD
Houff Transfer Sells Industrial Property In Baltimore For $7.8M
2720 Annapolis Road
See Similar DealsIndustrial27,500 SF
Sold 05/02/2024
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$283
Total Square Footage:27,500 SF
Transaction Type:Sale
The industrial property located at 2720 Annapolis Road in Baltimore, MD, was sold by seller Houff Transfer. The transaction was facilitated by broker Steven Bentolila from Bento Property Group. The sale price for the property was $7,800,000, with a total square footage of 27,500 and a price per square foot of $284.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Seller: Houff Transfer
- Broker: Steven Bentolila - Bento Property Group
- Address: 2720 Annapolis Road
- Market: Baltimore, MD
Steven Bentolila represented the seller, Houff Transfer, in the industrial property sale transaction, showcasing his expertise in the real estate market of Baltimore, MD.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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