THB Bagelry & Deli Acquires Mixed-use Building In Baltimore For $2.55M With MacKenzie Commercial Real Estate Services
1040 Cromwell Bridge Road
$2,550,000
$188/SF
Building Size
13,560 SF
Asset Type
Mixed-use
Closing
Jul 8, 2024
About this deal
AI
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.
On the Map
$2,550,000
$188/SF
Mixed-use
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Players
Towson Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93