Updated Sep 5, 2024
Marcus & Millichap Sells Industrial Property In Annapolis, MD For $5.65M
300 Legion Avenue Annapolis, Maryland 21401, USA
$5,650,000
$237/SF
Building Size
23,750 SF
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
Marcus & Millichap has recently announced the sale of a 23,750-square foot industrial property located at 300 Legion Avenue in Annapolis, MD. The property was sold for $5.65 million, resulting in a price per square foot of $238.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,650,000
- Square Footage: 23,750
- Address: 300 Legion Avenue, Annapolis, MD
- Market: Annapolis, MD
- Brokers: Bryn Merrey & John Faus - Marcus & Millichap
This successful transaction was facilitated by Bryn Merrey and John Faus from Marcus & Millichap. They played a key role in negotiating the sale of the industrial property, showcasing their expertise in the Annapolis market.
On the Map
$5,650,000
$237/SF
Industrial
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Players
Chico 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93