Quarterfield Station Reaches Full Occupancy With Three New Leases In Glen Burnie, Maryland
7704 Quarterfield Road Glen Burnie, Maryland 21061, USA
Building Size
23,180 SF
Asset Type
Retail
Closing
Aug 18, 2023
AI
Quarterfield Station, a neighborhood retail center covering 23,180 square feet in Glen Burnie, Maryland, has recently secured three new retail leases, adding over 10,000 square feet of space. This new development has aided the property in achieving full occupancy at 100%. Located at 7704 Quarterfield Road, this retail space is owned by Quarterfield Ventures, LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 23,180
- Address: 7704 Quarterfield Road, Glen Burnie, MD
- Market: Glen Burnie, MD
The successful leasing of Quarterfield Station was facilitated by Chris Bennett, Ginny Vernick, and Morgan Wimbrow of MacKenzie Commercial Real Estate Services. These brokers played a crucial role in securing the new retail leases and filling up the available space within the center. Their expertise and efforts have ensured that the Quarterfield Station retail center is now operating at full capacity.
Players
Glen Burnie Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93