Stan Johnson Co Brokers $26.8M Sale Of 4.3 Acre Retail Property In Towson, MD
300 Towson Way, Towson, Maryland 21252, United States
$26,800,000
$420/SF
Building Size
63,750 SF
Asset Type
Retail
Closing
Aug 28, 2022
About this deal
AI
The retail property located at 300 Towson Row in Towson, MD has been sold in a closed transaction for a total amount of $26,800,000. The property spans across 4.3 acres and offers a total square footage of 63,750. The sale price per square foot comes to $420, showcasing the value of the asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,800,000
- Square Footage: 63,750
- Sale Price per Square Foot: $420
- Address: 300 Towson Row, Towson, MD
- Market: Towson, MD
Stan Johnson Co, represented by Jason Maier, acted as the broker in this transaction, facilitating the sale of the retail property. The involvement of Stan Johnson Co highlights their role in the deal as a reliable brokerage firm.
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93