Marcus & Millichap Sells 49,047-Square-Foot Baltimore Multifamily Property For $4.1M
5720 Reisterstown Road
$4,125,000
$84/SF
Building Size
49,047 SF
Asset Type
MultiFamily
Closing
Dec 14, 2023
AI
Marcus & Millichap has announced the sale of a 49,047-square-foot industrial property at 5720 Reisterstown Road in Baltimore, Maryland. The property was sold for $4,125,000, translating to a price per square foot of $84. Situated on a 3.56-acre lot, this multifamily asset holds significant potential in the Baltimore market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Address: 5720 Reisterstown Road, Baltimore, MD
- Market: Baltimore, MD
- Acres: 3.56
The sale of this industrial property was facilitated by Bryn Merrey and John Faus from Marcus & Millichap. With their expertise and representation, the transaction was successfully completed. Their involvement highlights the significance of professional brokerage services in the real estate market.
Players
Reisterstown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93