Alterra Property Group Acquires Industrial Property In Baltimore For $4.5M
SOLD
$4,524,666
Maryland
See Similar DealsIndustrial10,000 SF
Sold 11/06/2023
SOLD
Alterra Property Group Acquires Industrial Property In Baltimore For $4.5M
4221 Shannon Drive
See Similar DealsIndustrial10,000 SF
Sold 11/06/2023
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$452
Total Square Footage:10,000 SF
Transaction Type:Sale
An industrial property located at 4221 Shannon Drive in Baltimore, MD has been sold in a closed transaction. The property spans 10,000 square feet and is situated on 4.7 acres of land. The sale price for this asset was $4,524,666, with a price per square foot of $452 and a price per acre of $962,695. The transaction took place on 11/06/2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,524,666
- Square Footage: 10,000
- Price per Square Foot: $452
- Acres: 4.7
- Price per Acre: $962,695
- Address: 4221 Shannon Drive, Baltimore, MD
- Market: Baltimore, MD
The buyer in this transaction was Alterra Property Group, represented by Joseph Kassin and Steven Pollan from KSR.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$241,315.50
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,075.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,449.23
Annual Debt Service$257,390.70
Is there something missing? Send suggestions