Trout Daniel & Associates Handles $3.225M Sale Of Colby And Sequoia Centers In Pikesville
220 Reisterstown Road, 228 Reisterstown Road & 509 Reisterstown Road
$3,225,000
$60/SF
Building Size
17,773 SF
Asset Type
Retail
Closing
Jul 22, 2025
About this deal
AI
The transaction involved a retail asset located at 220-228 Reisterstown Road & 507-509 Reisterstown Road in Pikesville, MD. The property was sold for $3,225,000, encompassing a total of 17,773 square feet, with a price per square foot of $181.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,225,000
- Address: 220-228 Reisterstown Road & 507-509 Reisterstown Road
- Market: Pikesville, MD
- Square Footage: 17,773
- Price Per Square Foot: $181
Gilbert Trout from Trout Daniel & Associates represented the seller in the transaction, facilitating the sale of the Colby and Sequoia Centers to a private buyer on July 22, 2025.
Players
Pikesville 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
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93