Surmount Represents Seller And Buyer In Sale Of Retail Property In Towson For $6.43M
SOLD
$6,428,200
Maryland
See Similar DealsRetail7,855 SF
Sold 12/11/2025
SOLD
Surmount Represents Seller And Buyer In Sale Of Retail Property In Towson For $6.43M
1255 East Joppa Road
See Similar DealsRetail7,855 SF
Sold 12/11/2025
Summary
MARYLAND
Asset Type:Retail
Price Per Square Foot:$818
Total Square Footage:7,855 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$342,837.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,838.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,472.95
Annual Debt Service$365,675.37
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