Trout Daniel & Associates Completes $2.34M Sale Of Pikesville Mixed-Use Asset
1101 Greenwood Road
$2,340,000
$153/SF
Building Size
15,253 SF
Asset Type
Mixed-use
Closing
Apr 18, 2024
About this deal
AI
The property at 1101 Greenwood Road in Pikesville, Maryland, is a one-level flex building with 15,253 square feet of space. The asset, previously occupied by Ohio's Davey Tree Expert Company, was sold for $2,340,000, amounting to $153.00 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,340,000
- Address: 1101 Greenwood Road
- Market: Pikesville, MD
- Square Footage: 15,253
Mordy Itzkowitz from Oxford Mid-Atlantic Realty represented the buyer, while Gilbert Trout from Trout Daniel & Associates was the seller's representative in the deal. The transaction, which closed on April 18th, attracted strong interest from regional small businesses and users transitioning from renting to ownership.
Players
Pikesville 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
6.78%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93