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762 Queenstown Road

Skyreach Equipment Acquires Mixed-Use Property In Severn, MD For $3.5M
SOLDMixed-use

Skyreach Equipment Acquires Mixed-Use Property In Severn, MD For $3.5M

762 Queenstown Road

$3,500,000

$437/SF

Building Size

8,000 SF

Asset Type

Mixed-use

Closing

Jul 2, 2024

AI

The mixed-use property at 762 Queenstown Road in Severn, MD has been sold for $3.5 million. Spanning 8,000 square feet, the property was acquired by Skyreach Equipment for $438 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,500,000
  • Address: 762 Queenstown Road
  • Market: Severn, MD

Skyreach Equipment, a company looking to expand its operations, was represented by Andrew Meeder, Daniel Hudak, and Matthew Curran from MacKenzie Commercial Real Estate Services in this transaction.

Players

Andrew Meeder

MacKenzie Commercial Real Estate Services

Broker

$77.4M

vol

20 deals

Broker

Glen Burnie 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93