Updated Sep 9, 2024
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
About this deal
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
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