Bentley World-Packaging Buys Mixed-Use Property In Baltimore For $6M
6301 Erdman Avenue
$6,000,000
$77/SF
Building Size
77,000 SF
Asset Type
Mixed-use
Closing
Jun 25, 2024
AI
Bentley World-Packaging acquired a 77,000 sq. ft. warehouse and office building at 6301 Erdman Avenue in Baltimore City for $6 million. The property is a mixed-use asset that was purchased at a price of $78 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 6301 Erdman Avenue
- Market: Baltimore, MD
- Brokers: Andrew Meeder, Daniel Hudak & Matthew Curran - MacKenzie Commercial Real Estate Services
The acquisition was facilitated by brokers Andrew Meeder, Daniel Hudak, and Matthew Curran from MacKenzie Commercial Real Estate Services.
Players
Baltimore Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93