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Bletzer Rd

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

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

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.

Players

Robert Filley

Marcus & Millichap

Broker

$150.3M

vol

9 deals

Broker

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