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Ardent Company, LLC Acquires Office In Gambrills, MD For $2.19M
SOLD
$2,190,000
Maryland
See Similar DealsOffice2,640 SF
Sold 03/13/2024
SOLD
Ardent Company, LLC Acquires Office In Gambrills, MD For $2.19M
1300 Defense Highway
See Similar DealsOffice2,640 SF
Sold 03/13/2024
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$829
Total Square Footage:2,640 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$116,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,780.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,381.72
Annual Debt Service$124,580.61
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