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TPG Angelo Gordon And High Street Logistics Properties Sell Andrews Industrial Center In Upper Marlboro For $31.3M
SOLD
Maryland
See Similar DealsIndustrial116,550 SF
Sold 01/15/2026
SOLD
TPG Angelo Gordon And High Street Logistics Properties Sell Andrews Industrial Center In Upper Marlboro For $31.3M
9211 Old Pike Way
See Similar DealsIndustrial116,550 SF
Sold 01/15/2026
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$268
Total Square Footage:116,550 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,669,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,202.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,377.97
Annual Debt Service$1,780,535.62
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