Updated May 12, 2025
Richard Schaupp & Brent Jenkins Of Clarion Partners Acquire Industrial Property In Baltimore For $85.5M
1201 South Caton Avenue
$85,500,000
$284/SF
Building Size
300,786 SF
Asset Type
Industrial
Closing
Apr 9, 2025
About this deal
AI
The property involved in the transaction is located at 1201 South Caton Avenue, Baltimore, MD. It is an industrial asset measuring 300,786 square feet and was sold for $85,500,000, which equates to a price per square foot of $284.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $85,500,000
- Buyer: Richard Schaupp & Brent Jenkins - Clarion Partners
- Seller: MRP Industrial
- Square Footage: 300,786
- Price Per Square Foot: $284
Richard Schaupp and Brent Jenkins represented Clarion Partners in the acquisition of the property. The seller, MRP Industrial, completed the sale, transferring ownership of the City Logistics industrial property in Baltimore.
On the Map
$85,500,000
$284/SF
Industrial
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Players
Halethorpe Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93