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7600 Assateague Dr, Jessup,...

Cris Abramson Of Newmark Knight Frank Represents Unknown Buyer In $88M Sale In Jessup
SOLDIndustrial

Cris Abramson Of Newmark Knight Frank Represents Unknown Buyer In $88M Sale In Jessup

7600 Assateague Dr, Jessup, MD, 20794

$88,000,000

$103/SF

Building Size

853,520 SF

Asset Type

Industrial

Closing

May 8, 2020

AI

The property asset involved in the transaction is located at 7600 Assateague Dr, Jessup, MD, 20794. It was sold for a price of $88,000,000.00 and encompasses a total square footage of 853,520 in the Jessup market.

Summary of transaction details:

  • Property Type: Unknown
  • Transaction Amount: $88,000,000.00
  • Address: 7600 Assateague Dr, Jessup, MD, 20794
  • Market: Jessup
  • Buyer: Unknown
  • Seller: Unknown
  • Buyer's Representative: Cris Abramson, Newmark Knight Frank

Cris Abramson of Newmark Knight Frank represented the buyer in this transaction. The identities of both the buyer and seller remain undisclosed in the details provided.

Players

Nicholas Signor

Newmark

Broker

$466.4M

vol

7 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93