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
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