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Horvath & Tremblay Sell AutoZone In Nottingham, MD For $1.11M
SOLD
$1,111,111
Maryland
See Similar DealsRetail
Sold 07/02/2024
SOLD
Horvath & Tremblay Sell AutoZone In Nottingham, MD For $1.11M
Retail
Sold 07/02/2024
Summary
Asset Type:Retail
Transaction Type:Sale
The sale of an AutoZone located at 8601 Belair Rd. in Nottingham, MD, has been successfully closed for $1,111,111. The property, a retail asset, was handled by brokers Jason Prescott Woods and Kyle Danielson of Horvath & Tremblay.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,111,111
- Address: 8601 Belair Road
- Market: Nottingham, MD
- Brokers: Jason Prescott Woods & Kyle Danielson - Horvath & Tremblay
Kyle Danielson and Jason Woods were instrumental in facilitating the sale of the AutoZone property. The deal, valued at $1,111,111, marks a significant transaction in the retail market of Nottingham, MD.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,259.23
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,947.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,267.23
Annual Debt Service$63,206.80
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