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THB Bagelry & Deli Acquires Mixed-use Building In Baltimore For $2.55M With MacKenzie Commercial Real Estate Services
SOLD
$2,550,000
Maryland
See Similar DealsMixed-use13,560 SF
Sold 07/08/2024
SOLD
THB Bagelry & Deli Acquires Mixed-use Building In Baltimore For $2.55M With MacKenzie Commercial Real Estate Services
1040 Cromwell Bridge Road
See Similar DealsMixed-use13,560 SF
Sold 07/08/2024
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$188
Total Square Footage:13,560 SF
Transaction Type:Sale
The property involved in this transaction is a mixed-use asset located at 1040 Cromwell Bridge Road in Baltimore, MD. The building comprises 13,560 square feet and was sold for $2,550,000, translating to a price per square foot of $188.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,550,000
- Sale Date: 07/08/2024
- Address: 1040 Cromwell Bridge Road
- Market: Baltimore, MD
- Square Footage: 13,560
- Price Per Square Foot: $188
- Buyer: THB Bagelry & Deli
- Broker Representatives: Andrew Meeder, Patrick Smith & Chris Boland - MacKenzie Commercial Real Estate Services
THB Bagelry & Deli acquired the building to operate a food commissary that will support its seven locations in the Baltimore area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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