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Richard Schaupp & Brent Jenkins Of Clarion Partners Acquire Industrial Property In Baltimore For $85.5M
SOLD
$85,500,000
Maryland
See Similar DealsIndustrial300,786 SF
Sold 04/09/2025
SOLD
Richard Schaupp & Brent Jenkins Of Clarion Partners Acquire Industrial Property In Baltimore For $85.5M
1201 South Caton Avenue
See Similar DealsIndustrial300,786 SF
Sold 04/09/2025
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$284
Total Square Footage:300,786 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,560,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$303,763.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$405,313.62
Annual Debt Service$4,863,763.44
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