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
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