High Street Logistics Acquires Industrial Properties In Elkridge & Windsor Mill, MD For $67.5M
SOLD
Maryland
See Similar DealsMultiFamily
Sold 06/07/2022
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 DealsMultiFamily
Sold 06/07/2022
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.
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Deal Type
30 years
10 years
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
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