Faropoint Acquires 6704 Curtis Ct Glen Burnie For $10 Million With Colliers International As Brokers
SOLD
$10,000,000
+ 2
Maryland
See Similar DealsIndustrial58,883 SF
Sold 07/21/2022
SOLD
Faropoint Acquires 6704 Curtis Ct Glen Burnie For $10 Million With Colliers International As Brokers
6704 Curtis Ct, Glen Burnie, MD, 21060
See Similar DealsIndustrial58,883 SF
Sold 07/21/2022
+ 2
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$169
Total Square Footage:58,883 SF
Transaction Type:Sale
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
BUYER
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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