Armada Hoffler Properties Inc Acquires Mixed-Use Property In Baltimore, MD For $246M
East Baltimore Midway, Baltimore, Maryland, United States
$246,000,000
$554/SF
Building Size
444,000 SF
Asset Type
Mixed-use
Closing
Dec 7, 2021
AI
The mixed-use property located at 1310 Point St in Baltimore, MD is currently under contract. The property has a total square footage of 444,000 and is being sold for a price of $246,000,000, resulting in a price per square foot of $554. The buyer of the property is Armada Hoffler Properties Inc, represented by Louis S. Haddad. Armada Hoffler Properties Inc expects to close the acquisition by the end of the first quarter of 2022.
Summary of transaction details
- Asset Type: Mixed-use
- Sale Price: $246,000,000
- Square Footage: 444,000
- Buyer: Armada Hoffler Properties Inc - Louis S. Haddad
The deal has a stake of 90% and is expected to be finalized by the end of the first quarter of 2022.
Players
Baltimore Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93