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1300 Defense Highway

Ardent Company, LLC Acquires Office In Gambrills, MD For $2.19M
SOLDOffice

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

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.

Players

Andrew Meeder

MacKenzie Commercial Real Estate Services

Broker

$72.8M

vol

18 deals

Broker

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