Titan Steel Corporation Acquires 19,000 Square Foot Industrial Facility In Dundalk For $2.3M
8100 Lynhurst Road
$2,300,000
$121/SF
Building Size
19,000 SF
Asset Type
Industrial
Closing
Jul 6, 2026
AI
The industrial property located at 8100 Lynhurst Road in Dundalk, MD encompasses 2.27 acres with a manufacturing facility spanning nearly 19,000 square feet. The property was sold for $2,300,000, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Address: 8100 Lynhurst Road
- Market: Dundalk, MD
- Acres: 2.27
- Square Footage: 19,000
- Price per Square Foot: $121
- Buyer: Titan Steel Corporation
- Seller: Joseph Kavanagh Co.
- Brokers: Andrew Meeder, Matthew Curran & Alton Curry - MacKenzie Commercial Real Estate Services
This transaction marks the sale of Joseph Kavanagh Co.’s manufacturing facility, coinciding with the company's decision to wind down operations after 160 years in the metal bending and rolling industry. The representation of the seller during this transaction was facilitated by MacKenzie Commercial Real Estate Services, led by brokers Andrew Meeder, Matthew Curran, and Alton Curry.
Players
Lynhurst 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93