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7402 Montevideo Road

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

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

7402 Montevideo Road

$1,200,000

Building Size

Asset Type

Industrial

Closing

Oct 30, 2023

AI

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

MacKenzie Commercial Real Estate Services

Broker

$77.4M

vol

20 deals

Broker

Jessup 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93