Ardent Company, LLC Acquires Office In Gambrills, MD For $2.19M
1300 Defense Highway
$2,190,000
$829/SF
Building Size
2,640 SF
Asset Type
Office
Closing
Mar 13, 2024
About this deal
AI
The property involved in the transaction is located at 1300 Defense Highway in Gambrills, MD. The asset type is an office, featuring a small commercial office building and covered storage structure. The sale price for this three-acre site in Anne Arundel County, Maryland, was $2,190,000. The property spans 2,640 square feet, resulting in a price per square foot of $830.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,190,000
- Address: 1300 Defense Highway
- Market: Gambrills, MD
The buyers, Ardent Company, LLC, have acquired the property. Representing Ardent Company, LLC in the deal were brokers Andrew Meeder and Matthew Curran from MacKenzie Commercial Real Estate Services.
On the Map
$2,190,000
$829/SF
Office
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Gambrills Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93