Houff Transfer Sells Industrial Property In Baltimore For $7.8M
2720 Annapolis Road
$7,800,000
$283/SF
Building Size
27,500 SF
Asset Type
Industrial
Closing
May 2, 2024
AI
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.
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93