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Marcus & Millichap Sells 5.2-Acre Industrial Property In Dundalk For $2.63M

Property Image
SOLD
$2,625,000
Bryan Herr
Robert (Bob) Filley
Arvin Gholamrezae

Maryland

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Industrial
Sold 03/11/2024
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Property Image
SOLD

Marcus & Millichap Sells 5.2-Acre Industrial Property In Dundalk For $2.63M

Bletzer Rd

See Similar Deals
Industrial
Sold 03/11/2024
Bryan Herr
Robert (Bob) Filley
Arvin Gholamrezae
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Industrial
Transaction Type:Sale

The industrial outdoor storage property located at 8230 Bletzer Rd in Dundalk, Md., was recently sold for $2,625,000. The property spans across 5.2 acres, and the transaction was facilitated by Arvin Gholamrezae, Bryan Herr, and Robert Filley of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,625,000
  • Address: 8230 Bletzer Rd
  • Market: Dundalk, MD
  • Broker: Arvin Gholamrezae, Bryan Herr & Robert Filley - Marcus & Millichap
  • Asset Type: Industrial
  • Acres: 5.2

It was announced by Marcus & Millichap that the industrial outdoor storage property at 8230 Bletzer Rd in Dundalk, Md., was successfully sold for $2,625,000. The deal was brokered by Arvin Gholamrezae, Bryan Herr, and Robert Filley, showcasing their expertise in facilitating substantial property transactions in the industrial sector.

Players

Robert (Bob) Filley
Marcus & Millichap
Robert Filley
8 deals$108.3M volume(202) 536-3736
BROKER
Bryan Herr
MacKenzie Commercial Real Estate Services
Bryan Herr
3 deals$7.4M volume(443) 875-7505
BROKER
Arvin Gholamrezae
Marcus & Millichap
Arvin Gholamrezae
2 deals$10.4M volume(443) 703-5033
BROKER

Details

SOLD
IMAGE: Arvin Gholamrezae, Bryan Herr & Robert Filley DATE: 03/11/2024 ADDRESS: 8230 Bletzer Rd MARKET: Dundalk, MD ASSET TYPE: Industrial ~ ACRES: 5.2 BROKERS: Arvin Gholamrezae, Bryan Herr & Robert Filley - Marcus & Millichap SALE PRICE: $2,625,000 NOTE: Marcus & Millichap announced the sale of 8230 Bletzer Rd., a 5.2-acre industrial outdoor storage property in Dundalk, Md., fetching $2,625,000.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$139,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07