Belcamp Retail Property Sold For $5M By BJ Feller & Mike Philbin Of Stan Johnson Company
SOLD
$5,000,000
Maryland
See Similar DealsRetail4,070 SF
Sold 12/08/2021
SOLD
Belcamp Retail Property Sold For $5M By BJ Feller & Mike Philbin Of Stan Johnson Company
Belcamp Road, Belcamp, Maryland 21017, United States
See Similar DealsRetail4,070 SF
Sold 12/08/2021
Summary
MARYLAND
Asset Type:Retail
Price Per Square Foot:$1,228
Total Square Footage:4,070 SF
Transaction Type:Sale
The retail property located at 1343 Belcamp Rd in Belcamp, MD has been sold. The property spans across 2.4 acres in the market. The transaction was facilitated by BJ Feller and Mike Philbin of Stan Johnson Company.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square Footage: 4,070
- Price per Square Foot: $1,229
BJ Feller and Mike Philbin, representing Stan Johnson Company, played a key role in the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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