Chesapeake Real Estate Group Leases 30000 Square Feet At 1911 Crain Hwy S Glen Burnie
1911 Crain Hwy S, Glen Burnie, MD, 2...
Building Size
30,000 SF
Asset Type
Warehouse
Closing
Jul 1, 2021
AI
The property involved in this transaction is located at 1911 Crain Hwy S, Glen Burnie, MD. The asset features a total square footage of 30,000 and is part of the Glen Burnie market. The landlord for this property is Chesapeake Real Estate Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1911 Crain Hwy S, Glen Burnie, MD
- Market: Glen Burnie
- Square Feet: 30,000
- Landlord: Chesapeake Real Estate Group
- Landlord's Representatives: Matt Laraway-Chesapeake Real Estate Group, Christopher Murray-Chesapeake Real Estate Group
The deal includes representatives from Chesapeake Real Estate Group, with Matt Laraway and Christopher Murray serving as the landlord's representatives. Their involvement highlights the professional capacity of the agency in managing the lease transaction.
Players
Glen Burnie Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93