High Street Logistics Acquires Industrial Properties In Elkridge & Windsor Mill, MD For $67.5M
6695 Business Parkway, Elkridge, Maryland 21075, United States
$67,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
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
Maryland 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93