Matthew Curran & Andrew Meeder Of MacKenzie Commercial Real Estate Represent Buyer In $2.3M Glen Burnie Retail Sale
8 8th Avenue Northwest
$2,300,000
$425/SF
Building Size
5,400 SF
Asset Type
Retail
Closing
Jul 2, 2026
AI
The property involved in this transaction is a retail and automotive service facility located at 8 8th Avenue Northwest, Glen Burnie, MD. It features a total square footage of 5,400 and was sold for $2,300,000, translating to a price per square foot of $426. The asset sits on more than two acres of land.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Square Footage: 5,400
- Price Per Square Foot: $426
- Address: 8 8th Avenue Northwest
- Market: Glen Burnie, MD
- Buyer's Representative: Matthew Curran & Andrew Meeder - MacKenzie Commercial Real Estate Services
- Seller's Representative: John Gallagher & Eddie Trujillo - Hyatt Commercial
This transaction was brokered by Hyatt Commercial Real Estate, facilitating the sale process while representing the seller. The involvement of such representatives highlights the professional mediation in achieving this deal.
Players
Chesapeake 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93