1788 Holdings Acquires Industrial Property In Baltimore For $17.1M
1601 Wicomico St, Baltimore, MD, 21...
$17,100,000
$48/SF
Building Size
351,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property located at 1601 Wicomico St, Baltimore, MD, 21230, was recently sold for $17,100,000.00. The asset spans a total of 351,000 square feet in the Baltimore market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $17,100,000.00
- Address: 1601 Wicomico St, Baltimore, MD, 21230
- Buyer: 1788 Holdings
- Buyer's Rep: Tyler Boykin(Cushman & Wakefield)
The sale of this industrial property in Baltimore was facilitated by Tyler Boykin from Cushman & Wakefield, representing the buyer, 1788 Holdings, in this transaction.
Players
Baltimore 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93