Faropoint Acquires Industrial Property In Columbia, Milford Mill & Nottingham, MD For $18.6M
SOLD
$18,600,000
Maryland
See Similar DealsIndustrial160 SF
Sold 12/14/2022
SOLD
Faropoint Acquires Industrial Property In Columbia, Milford Mill & Nottingham, MD For $18.6M
9176 Red Branch Road, Columbia, Maryland 21045, United States
See Similar DealsIndustrial160 SF
Sold 12/14/2022
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$116,250
Total Square Footage:160 SF
Transaction Type:Sale
An industrial property located at 9176 Red Branch Road; 7120-7132 Ambassador Road & 8361 Town Center Court in Columbia, Milford Mill & Nottingham, MD has been sold in a closed transaction. The property spans 160,000 square feet and was sold for a price of $18,600,000, resulting in a price per square foot of $116.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $18,600,000
- Address: 9176 Red Branch Road; 7120-7132 Ambassador Road & 8361 Town Center Court, Columbia, Milford Mill & Nottingham, MD
- Market: Columbia, Milford Mill & Nottingham, MD
The buyer of the property is Faropoint, while the sellers include Feldman Bergin Properties & Fortified Property Group, High Street Logistics Properties, and Grander Capital Partners & SilverCap Partners.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$991,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,081.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,173.49
Annual Debt Service$1,058,081.87
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