1500 Country Ridge Ln, LLC Acquires Country Ridge Shopping Center In Baltimore For $10.7M
1500 Country Ridge Lane
$10,700,000
$81/SF
Building Size
132,000 SF
Asset Type
Retail
Closing
May 4, 2026
About this deal
AI
A 132,000-square-foot neighborhood retail property located at 1500 Country Ridge Lane in Baltimore, MD, was sold for $10,700,000. This retail asset is situated within Essex, Baltimore County, reflecting a price per square foot of $81.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,700,000
- Sale Date: 05/04/2026
- Market: Baltimore, MD
- Buyer: 1500 Country Ridge Ln, LLC
- Seller: Crilley Warehouse, LLC
- Buyer's Representative: Andy Cole - DANAC Realty Advisors
- Seller's Representatives: Tom Mottley, Beetle Smith & Nick Maggio - MacKenzie Commercial Real Estate Services
The buyer, 1500 Country Ridge Ln, LLC, is an entity owned by investor Javed Aizaz. The transaction involved multiple representatives from the selling side, showcasing a collaborative effort through MacKenzie Commercial Real Estate Services.
On the Map
$10,700,000
$81/SF
Retail
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Players
Essex 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93