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.
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