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Skyreach Equipment Acquires Mixed-Use Property In Severn, MD For $3.5M
SOLD
$3,500,000
Maryland
See Similar DealsMixed-use8,000 SF
Sold 07/02/2024
SOLD
Skyreach Equipment Acquires Mixed-Use Property In Severn, MD For $3.5M
762 Queenstown Road
See Similar DealsMixed-use8,000 SF
Sold 07/02/2024
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$437
Total Square Footage:8,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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