TerrAscend Acquires Blue Ridge Wellness Medical Dispensary In Parkville, MD For $6.75M
9413 Harford Road Parkville, Maryland 21234, USA
$6,750,000
Building Size
—
Asset Type
Retail
Closing
Jun 30, 2023
About this deal
AI
TerrAscend has acquired the Blue Ridge Wellness medical dispensary located at 9413 Harford Road in Parkville, MD. The sale price for the property was $6.75 million. With this acquisition, TerrAscend now owns three dispensaries in the state of Maryland and a total of 36 dispensaries across the United States.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Address: 9413 Harford Road, Parkville, MD
- Market: Parkville, MD
TerrAscend, represented by Ziad Ghanem, made the purchase of the Blue Ridge Wellness medical dispensary. This acquisition expands TerrAscend's presence in Maryland and reinforces their position as a major player in the cannabis industry in the United States.
Players
Parkville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93