TPG Angelo Gordon And High Street Logistics Properties Sell Andrews Industrial Center In Upper Marlboro For $31.3M
9211 Old Pike Way
$31,300,000
$268/SF
Building Size
116,550 SF
Asset Type
Industrial
Closing
Jan 15, 2026
AI
9211 Old Pike Way is an industrial asset located in Upper Marlboro, MD, with a transaction price of $31,300,000. The property encompasses 116,550 square feet, resulting in a price per square foot of $269.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,300,000
- Address: 9211 Old Pike Way
- Market: Upper Marlboro, MD
- Square Footage: 116,550
- Price Per Square Foot: $269
- Seller: TPG Angelo Gordon & High Street Logistics Properties
- Brokers: Jonathan Carpenter, Graham Savage, Dawes Milchling & James Check - Cushman & Wakefield
TPG Angelo Gordon and High Street Logistics Properties were the sellers involved in this transaction, with Cushman & Wakefield representing the seller through its brokers Jonathan Carpenter, Graham Savage, Dawes Milchling, and James Check.
Players
Upper Marlboro 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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93