Maryland Collision Center Acquires Mixed-Use Building At 2011 Greenspring Drive For $2.9M
2011 Greenspring Drive
$2,900,000
$227/SF
Building Size
12,740 SF
Asset Type
Mixed-use
Closing
Jul 11, 2024
AI
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.
Players
Lutherville Timonium 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93