Faropoint Acquires 6704 Curtis Ct Glen Burnie For $10 Million With Colliers International As Brokers
6704 Curtis Ct, Glen Burnie, MD, 21060
$10,000,000
$169/SF
Building Size
58,883 SF
Asset Type
Industrial
Closing
Jul 21, 2022
AI
The property located at 6704 Curtis Ct, Glen Burnie, MD, 21060, is a commercial asset encompassing a total square footage of 58,883. The property was sold for $10,000,000.00 in the Glen Burnie market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $10,000,000.00
- Address: 6704 Curtis Ct, Glen Burnie, MD, 21060
- Market: Glen Burnie
- Seller's Representative: Michael Blunt, Brian Siegel, Brian Watts, Jason Sullivan - Colliers International
- Brokers: Clay Ellis - Colliers International
- Buyer: Faropoint
- Square Footage: 58,883
This transaction involved key representatives from Colliers International, indicating the agency's significant role in facilitating the sale. Multiple representatives were engaged in the sale process, emphasizing the collaborative effort in handling the transaction.
Players
Glen Burnie 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93