Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,125,000
$84/SF
MultiFamily
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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