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7120 Ambassador Road

Franklin Graham's Samaritan's Purse Acquires Industrial Property In Windsor Mill, MD For $10.5M
SOLDIndustrial

Franklin Graham's Samaritan's Purse Acquires Industrial Property In Windsor Mill, MD For $10.5M

7120 Ambassador Road

$10,500,000

$128/SF

Building Size

82,000 SF

Asset Type

Industrial

Closing

Nov 1, 2023

AI

Samaritan’s Purse, an evangelical Christian humanitarian aid organization, has acquired an 82,000-square-foot office and warehouse building located at 7120 Ambassador Road in Windsor Mill, MD. The property was purchased from GPT Properties Trust for a total of $10.5 million. The transaction reflects a price per square foot of $128.

Summary of transaction details

This transaction demonstrates Samaritan’s Purse's acquisition of the office and warehouse building for their operational needs. The buyer was represented by Eric Skogmo and Ned Brady of Lee & Associates, while the seller was represented by David Dannenfelser and John Boote of Cushman & Wakefield.

Players

Eric Skogmo

Lee & Associates

Broker

$21M

vol

4 deals

Broker

Franklin Graham

Samaritan’s Purse

Buyer

$21M

vol

2 deals

Buyer
GT
GPT Properties TrustSeller

Windsor Mill 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93