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
About this deal
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.
The mixed use sale at 762 Queenstown Road in Glen Burnie, Maryland sold for $3.5M in 2024. The building is 8,000 square feet, implying about 437 per square foot on the published price. Matthew Curran, Daniel Hudak, Andrew Meeder, MacKenzie Commercial Real Estate Services appear on the sale alongside MacKenzie Commercial Real Estate Services. This page is the Glen Burnie, Maryland file for the 762 Queenstown Road mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Glen Burnie sit in the Market section below. Filter that Glen Burnie mixed use set by closing date to see what else sold near 762 Queenstown Road around 2024. Published consideration for 762 Queenstown Road is $3.5M, dated 2024. Cite this Skyreach Equipment Acquires Mixed-Use Property In Severn, MD For $3.5M sale when underwriting similar mixed use product around Glen Burnie, Maryland.
Players
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