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Maryland Collision Center Acquires Mixed-Use Building At 2011 Greenspring Drive For $2.9M
SOLD
Maryland
See Similar DealsMixed-use12,740 SF
Sold 07/11/2024
SOLD
Maryland Collision Center Acquires Mixed-Use Building At 2011 Greenspring Drive For $2.9M
2011 Greenspring Drive
See Similar DealsMixed-use12,740 SF
Sold 07/11/2024
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$227
Total Square Footage:12,740 SF
Transaction Type:Sale
A mixed-use asset located at 2011 Greenspring Drive in Lutherville Timonium, MD, was recently acquired for $2.90 million. The property encompasses a total area of 12,740 square feet, with a price per square foot of $228.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Address: 2011 Greenspring Drive
- Market: Lutherville Timonium, MD
- Square Footage: 12,740
- Price per Square Foot: $228
- Buyer: Maryland Collision Center
- Broker Representatives: Andrew Meeder & Matthew Curran - MacKenzie Commercial Real Estate Services
The acquisition involved Maryland Collision Center as the buyer, with Andrew Meeder and Matthew Curran representing the brokerage MacKenzie Commercial Real Estate Services in the transaction, facilitating the process of this property acquisition in Baltimore County.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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