Homeland Retail Center LLC Sells Retail Asset To York Investment Inc For $4.04M
5438 York Road
$4,040,000
$130/SF
Building Size
31,000 SF
Asset Type
Retail
Closing
Apr 1, 2024
About this deal
AI
The sale involved Homeland Shopping Center, a 31,000 sq. ft. retail property located at 5438 York Road in Baltimore, MD. The transaction took place on 04/01/2024, with York Investment Inc purchasing the property from Homeland Retail Center LLC for $4,040,000, at a price per square foot of $130. Soon Park from Crown Real Estate represented the buyer, while Gilbert Trout from Trout Daniel & Associates represented the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,040,000
- Acres: 1.5
- Buyer: York Investment Inc
- Seller: Homeland Retail Center LLC
- Buyer's Rep: Soon Park - Crown Real Estate
- Seller's Rep: Gilbert Trout - Trout Daniel & Associates
Trout Daniel & Associates facilitated the sale of the fully-leased mixed-use center, emphasizing their expertise in closing deals in the Baltimore City market.
Players
Baltimore 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
3.93%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93