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MacKenzie Commercial Real Estate Services Facilitates $1.2M Sale Of Industrial Property In Jessup, MD

Property Image
SOLD
$1,200,000
Daniel Hudak
Andrew Meeder
+ 2

Maryland

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Industrial
Sold 10/30/2023
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Property Image
SOLD

MacKenzie Commercial Real Estate Services Facilitates $1.2M Sale Of Industrial Property In Jessup, MD

7402 Montevideo Road

See Similar Deals
Industrial
Sold 10/30/2023
Daniel Hudak
Andrew Meeder
+ 2
Contact now

Summary

MARYLAND
Asset Type:Industrial
Transaction Type:Sale

The Estate of MacDonald Family LLC has sold a property located at 7402 Montevideo Road in Jessup, MD. The property includes a two-story building and an Industrial Outdoor Storage (IOS) site. The sale was facilitated by MacKenzie Commercial Real Estate Services, with Andrew Meeder, Daniel Hudak, Dennis Boyle, Graham Sevy, and Matthew Curran from MacKenzie Commercial Real Estate Services serving as the brokers. The property was purchased by a local investor for a total of $1.2 million.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Address: 7402 Montevideo Road, Jessup, MD
  • Market: Jessup, MD

The sale of the property at 7402 Montevideo Road in Jessup, MD was completed with the assistance of MacKenzie Commercial Real Estate Services. This transaction highlights the involvement of key individuals and companies, including Andrew Meeder, Daniel Hudak, Dennis Boyle, Graham Sevy, and Matthew Curran from MacKenzie Commercial Real Estate Services who acted as brokers in the deal.

Players

Andrew Meeder
18 deals$72.8M volume
BROKER

Daniel Hudak
MacKenzie Commercial Real Estate Services
12 deals$49M volume
BROKER

Matthew Curran
MacKenzie Commercial Real Estate Services
13 deals$49.2M volume(443) 573-3203
BROKER

Dennis Boyle
MacKenzie Commercial Real Estate Services
3 deals$4.7M volume(443) 798-9339
BROKER

Graham Sevy
MacKenzie Commercial Real Estate Services
2 deals$2.5M volume(410) 830-1399
BROKER

Details

SOLD
IMAGE: Andrew Meeder, Daniel Hudak, Dennis Boyle, Graham Sevy, & Matthew Curran DATE: 10/30/2023 ADDRESS: 7402 Montevideo Road MARKET: Jessup, MD ASSET TYPE: Industrial SELLER: Estate of MacDonald Family LLC BROKERS: Andrew Meeder, Daniel Hudak, Dennis Boyle, Graham Sevy, & Matthew Curran - MacKenzie Commercial Real Estate Services SALE PRICE: $1,200,000 NOTE: MacKenzie Commercial Real Estate Services facilitated the sale of a property at 7402 Montevideo Road in Jessup, including a two-story building and an Industrial Outdoor Storage (IOS) site, for $1.2 million to a local investor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35