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2720 Annapolis Road

Houff Transfer Sells Industrial Property In Baltimore For $7.8M
SOLDIndustrial

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.

Players

Steven Bentolila

Bento Property Group

Broker

$74.2M

vol

11 deals

Broker

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