Chasen Companies Acquires Industrial Property In Baltimore For $10M
600 South Caroline Street, Baltimore, Maryland 21231, United States
$10,000,000
$200/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Jun 27, 2022
AI
The industrial property located at 600 S Caroline St in Baltimore, MD has been sold. The property spans a total area of 50,000 square feet and was sold at a price of $10,000,000, resulting in a price per square foot of $200. The transaction took place on June 28, 2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,000,000
The buyer of the property is Chasen Companies, while the seller is The Meyer Seed Company. The deal was facilitated by Mark Deering & Owen Rouse from MacKenzie Commercial Real Estate Services.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93