Updated Oct 28, 2024
Criterion Group Acquires Industrial Property In Baltimore For $7M
1900 Frankfurst Avenue, Baltimore, Maryland 21226, United States
$7,000,000
$76/SF
Building Size
91,175 SF
Asset Type
Industrial
Closing
Nov 9, 2021
About this deal
AI
The industrial property located at 1870 & 1900 Frankfurst Avenue in Baltimore, MD has been sold for a price of $7,000,000. The property spans across 12.31 acres and offers a total square footage of 91,175. The price per square foot for this transaction stands at $76. The buyer of the property is Criterion Group, while WFP-Port Liberty LLC is the seller. Steven Cornblatt & Jared Engel from Trout Daniel & Associates represented both parties as brokers in this deal.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 91,175
- Price per Square Foot: $76
- Address: 1870 & 1900 Frankfurst Avenue, Baltimore, MD
- Market: Baltimore, MD
This transaction was facilitated by brokers Steven Cornblatt & Jared Engel from Trout Daniel & Associates. They played a crucial role in representing Criterion Group as the buyer and WFP-Port Liberty LLC as the seller in the negotiation process.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93