Updated Dec 4, 2024
Marcus & Millichap Sells 5.2-Acre Industrial Property In Dundalk For $2.63M
Bletzer Rd
$2,625,000
Building Size
—
Asset Type
Industrial
Closing
Mar 11, 2024
About this deal
AI
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.
On the Map
$2,625,000
Industrial
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Players
Dundalk 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93