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Horvath & Tremblay Facilitates $1.75M Sale Of 7-Eleven Property In Baltimore
SOLD
$1,750,000
Maryland
See Similar DealsRetail
Sold 07/27/2023
SOLD
Horvath & Tremblay Facilitates $1.75M Sale Of 7-Eleven Property In Baltimore
3360 Annapolis Road Baltimore, Maryland 21230, USA
See Similar DealsRetail
Sold 07/27/2023
Summary
MARYLAND
Asset Type:Retail
Transaction Type:Sale
A 7-Eleven property in Baltimore, located at 3360 Annapolis Rd. (MD Route 648), has been successfully sold for $1.75 million. The property is a retail asset and was represented by Kyle Danielson of Horvath & Tremblay. The transaction resulted in a 4.0% Cap Rate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,750,000
- Broker: Kyle Danielson - Horvath & Tremblay
Kyle Danielson of Horvath & Tremblay played a crucial role in facilitating the sale of the 7-Eleven property. The transaction was completed successfully, demonstrating the expertise and professionalism of the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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