APG Investments LLC Acquires Office Building In Crofton For $9 Million With Hyatt Commercial And Friend Commercial Real Estate
2200 Defense Highway
$9,000,000
$2,903/SF
Building Size
3,100 SF
Asset Type
Office
Closing
Aug 1, 2024
AI
The office building located at 2200 Defense Highway in Crofton, MD, was sold for $9 million. This property encompasses 3,100 square feet, with a price per square foot of approximately $2,903. The building is currently 83% occupied.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Address: 2200 Defense Highway
- Market: Crofton, MD
- Square Footage: 3,100
- Price per Square Foot: $2,903
- Buyer: APG Investments LLC
- Seller: GAMC, Limited Company, LLC & West Interbay I, Inc
- Buyer's Representative: Matthew Antonis - Friend Commercial Real Estate
- Seller's Representatives: Cecil Cummins & Eric Pinkett - Hyatt Commercial
APG Investments LLC intends to utilize approximately 3,100 square feet of the property for their business operations. The transaction was facilitated by Hyatt Commercial and Friend Commercial Real Estate.
Players
Crofton Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93