Chasen Companies Acquires Industrial Property In Baltimore For $10M
SOLD
$10,000,000
Maryland
See Similar DealsIndustrial50,000 SF
Sold 06/28/2022
SOLD
Chasen Companies Acquires Industrial Property In Baltimore For $10M
600 South Caroline Street, Baltimore, Maryland 21231, United States
See Similar DealsIndustrial50,000 SF
Sold 06/28/2022
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:50,000 SF
Transaction Type:Sale
The industrial property located at 600 S Caroline St in Baltimore, MD has been sold. The property spans a total area of 50,000 square feet and was sold at a price of $10,000,000, resulting in a price per square foot of $200. The transaction took place on June 28, 2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,000,000
The buyer of the property is Chasen Companies, while the seller is The Meyer Seed Company. The deal was facilitated by Mark Deering & Owen Rouse from MacKenzie Commercial Real Estate Services.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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