HQ2 Office Suites LLC Acquires Office Property At 1740 East Joppa Road For $2.2M
1740 East Joppa Road
$2,200,000
$130/SF
Building Size
16,875 SF
Asset Type
Office
Closing
Sep 22, 2026
About this deal
AI
The sale of the office property located at 1740 East Joppa Road in Parkville, MD involved a transaction amount of $2,200,000. The asset is a 16,875-square-foot building known as the Weber Missick Building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,200,000
- Buyer: HQ2 Office Suites LLC
- Seller: 1740 E Joppa Rd LLC
- Broker: Michael Ruocco - MacKenzie Commercial Real Estate Services
- Square Footage: 16,875
- Price per Square Foot: $130
This transaction marks the acquisition of the property by HQ2 Office Suites LLC from 1740 E Joppa Rd LLC, contributing to the portfolio of nearly fully occupied office properties in the region.
On the Map
$2,200,000
$130/SF
Office
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Parkville Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93