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High Street Logistics Acquires Industrial Properties In Elkridge & Windsor Mill, MD For $67.5M

Property Image
SOLD
$67,500,000

Maryland

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MultiFamily
Sold 06/07/2022
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Property Image
SOLD

High Street Logistics Acquires Industrial Properties In Elkridge & Windsor Mill, MD For $67.5M

6695 Business Parkway, Elkridge, Maryland 21075, United States

See Similar Deals
MultiFamily
Sold 06/07/2022
Contact now

Summary

MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale

An industrial property located at 6695 Business Pkwy; 7200 Rutherford Road; 7144-7162 Ambassador Road; 7120-7132 Ambassador Road; 2700 Lord Baltimore Drive & 7223-7249 Ambassador Road in Elkridge & Windsor Mill, MD was recently sold in a closed transaction.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $67,500,000
  • Buyer: High Street Logistics
  • Brokers: Cristopher Abramson & Nicholas Signor - Newmark

The deal involved High Street Logistics as the buyer, with the transaction facilitated by brokers Cristopher Abramson and Nicholas Signor from Newmark.

Players

Christopher Abramson
3 deals$103.1M volume
BROKER

Nicholas Signor
Newmark
7 deals$466.4M volume
BROKER

High Street Logistics
BUYER

Details

SOLD
IMAGE: Cristopher Abramson & Nicholas Signor DATE: 06/07/2022 ADDRESS: 6695 Business Pkwy; 7200 Rutherford Road; 7144-7162 Ambassador Road; 7120-7132 Ambassador Road; 2700 Lord Baltimore Drive & 7223-7249 Ambassador Road. MARKET: Elkridge & Windsor Mill, MD ASSET TYPE: Industrial BUYER: High Street Logistics BROKERS: Cristopher Abramson & Nicholas Signor - Newmark SALE PRICE: $67,500,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$239,813.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$319,984.44
Annual Debt Service$3,839,813.24