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7704 Quarterfield Road Glen...

Quarterfield Station Reaches Full Occupancy With Three New Leases In Glen Burnie, Maryland
LEASEDRetail

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

Chris Bennett

MacKenzie Commercial Real Estate Services

Broker

$1.6M

vol

2 deals

Broker

Glen Burnie Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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