BTR Capital Acquires 22-Acre Industrial Property In Baltimore County For $8.5M
SOLD
$8,500,000
Maryland
See Similar DealsIndustrial220,000 SF
Sold 12/10/2021
SOLD
BTR Capital Acquires 22-Acre Industrial Property In Baltimore County For $8.5M
5200 Glen Arm Road East, Glen Arm, Maryland 21057, United States
See Similar DealsIndustrial220,000 SF
Sold 12/10/2021
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$38
Total Square Footage:220,000 SF
Transaction Type:Sale
Located at 5200 Glen Arm Road in Baltimore County, MD, this industrial property spans across 22 acres. The property was recently sold in a transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Square Footage: 220,000
- Price per Square Foot: $39
- Market: Baltimore County, MD
The buyer in this transaction was BTR Capital, while the seller was Glen Arm Business Trust. The deal was facilitated by Owen Rouse from MacKenzie Commercial Real Estate Services, LLC, who represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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