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Maryland Investment Group Acquires Land In Howard County For $1.3M

Property Image
SOLD
$1,300,000
Dennis Boyle
Graham Sevy

Maryland

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Land2,340 SF
Sold 04/01/2024
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Property Image
SOLD

Maryland Investment Group Acquires Land In Howard County For $1.3M

11920 Lime Kiln Road

See Similar Deals
Land2,340 SF
Sold 04/01/2024
Dennis Boyle
Graham Sevy
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Land
Price Per Square Foot:$555
Total Square Footage:2,340 SF
Transaction Type:Sale

A three-acre site located at 11920 Lime Kiln Road in Fulton, MD, was recently sold for $1.3 million. The property spans 2,340 square feet, resulting in a price per square foot of $556. The sellers, Carl Mauck and Sharon Mauck, facilitated the transaction with the assistance of brokers Dennis Boyle & Graham Sevy from MacKenzie Commercial Real Estate Services.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,300,000
  • Address: 11920 Lime Kiln Road
  • Market: Fulton, MD
  • Sellers: Carl Mauck & Sharon Mauck
  • Brokers: Dennis Boyle & Graham Sevy - MacKenzie Commercial Real Estate Services

A Maryland-based investment group made the purchase, acquiring the three-acre site. MacKenzie Commercial Real Estate Services, LLC represented the sellers, Carl and Sharon Mauck, in this transaction. The involvement of Dennis Boyle and Graham Sevy highlights the expertise of MacKenzie Commercial Real Estate Services in facilitating real estate deals in Howard County, Maryland.

Players

Dennis Boyle
MacKenzie Commercial Real Estate Services
Dennis Boyle
3 deals$4.7M volume(443) 798-9339
BROKER
Graham Sevy
MacKenzie Commercial Real Estate Services
Graham Sevy
2 deals$2.5M volume(410) 830-1399
BROKER

Details

SOLD
IMAGE: 04/01/2024 ADDRESS: 11920 Lime Kiln Road MARKET: Fulton, MD ASSET TYPE: Land SELLER: Carl Mauck & Sharon Mauck BROKERS: Dennis Boyle & Graham Sevy - MacKenzie Commercial Real Estate Services SALE PRICE: $1,300,000 SF: 2,340 ~ PPSF: $556 NOTE: A Maryland-based investment group has purchased a three-acre site in Howard County, Maryland, at 11920 Lime Kiln Road for $1.3 million, with MacKenzie Commercial Real Estate Services, LLC representing the seller, Carl and Sharon Mauck.

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

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96