Surmount Represents Seller And Buyer In Sale Of Retail Property In Towson For $6.43M
1255 East Joppa Road
$6,428,200
$818/SF
Building Size
7,855 SF
Asset Type
Retail
Closing
Dec 10, 2025
AI
The property asset involved in the transaction is a retail space located at 1255 East Joppa Road, Towson, MD. The sale was completed at a price of $6,428,200 for a total area of 7,855 square feet, resulting in a price per square foot of $818.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,428,200
- Square Footage: 7,855
- Price Per Square Foot: $818
- Address: 1255 East Joppa Road
- Market: Towson, MD
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from Surmount represented both the seller and buyer in this deal. This transaction involved the Chick-fil-A and Qdoba properties.
Players
Towson Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.47%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93