FPA Multifamily Acquires Mixed-Use Property In Baltimore For $69.2M
SOLD
$69,200,000
+ 1
Maryland
See Similar DealsMixed-use41,785 SF
SOLD
FPA Multifamily Acquires Mixed-Use Property In Baltimore For $69.2M
Bank of America Building, 10 Light St, Baltimore, Maryland 21202, United States
See Similar DealsMixed-use41,785 SF
+ 1
Summary
MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$1,656
Total Square Footage:41,785 SF
Transaction Type:Sale
The mixed-use property located at 10 Light St in Baltimore, MD has a total square footage of 41,785 and was sold for $69,200,000, resulting in a price per square foot of $1,656.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $69,200,000
- Buyer: FPA Multifamily, LLC
- Seller: Halle Companies - Gerry Halle
- Broker: Peter Sherman, Chip Ryan, Matt Weber & Sam Chow - Avison Young
The transaction was facilitated by brokers Peter Sherman, Chip Ryan, Matt Weber, and Sam Chow, representing the interests of the seller, Halle Companies. This brokerage team played a significant role in the deal's execution within the Baltimore market.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,690,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,852.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$328,043.30
Annual Debt Service$3,936,519.65
Is there something missing? Send suggestions