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6704 Curtis Ct, Glen Burnie...

Faropoint Acquires 6704 Curtis Ct Glen Burnie For $10 Million With Colliers International As Brokers
SOLDIndustrial

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:

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

Brian Siegel

Colliers

Broker

$46.1M

vol

6 deals

Broker
Faropoint
FaropointBuyer

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