Legacy Ventures Acquires Mixed-use Property From George’s Welding Service For $2.5M In Curtis Bay
6608 Fort Smallwood Road
$2,500,000
$500/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
May 13, 2025
AI
6608 Fort Smallwood Road is a mixed-use property located in Curtis Bay, MD. The asset encompasses a total square footage of 5,000 and was sold for $2,500,000, equating to a price per square foot of $500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 6608 Fort Smallwood Road
- Market: Curtis Bay, MD
- Square Footage: 5,000
- Price Per Square Foot: $500
- Buyer: Legacy Ventures
- Seller: George’s Welding Service
- Brokers: Bryan Herr & Matthew Curran - MacKenzie Commercial Real Estate Services
MacKenzie Commercial Real Estate Services facilitated the transaction, representing the buyer and the seller in the sale of this multi-use site, which includes warehouse, office, and IOS space.
Players
Curtis Bay 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93