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300 Legion Avenue Annapolis...

Marcus & Millichap Sells Industrial Property In Annapolis, MD For $5.65M
SOLDIndustrial

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

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.

Players

Bryn Merrey

Marcus & Millichap

Broker

$42M

vol

7 deals

Broker

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