Franklin Graham's Samaritan’s Purse Acquires Mixed-Use Property In Baltimore For $10.5M
7210 Ambassador Road
$10,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 6, 2023
AI
Samaritan’s Purse has acquired an 82,000-square-foot flex/office and warehouse space located at 7210 Ambassador Road in Baltimore County, MD. The mixed-use property was purchased from GPT Properties Trust for a total of $10,500,000. The acquisition was made with the intention of using the space as a permanent facility for Samaritan’s Purse's Operation Christmas Child program. The program aims to send holiday gift packages to children in need around the world.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,500,000
- Address: 7210 Ambassador Road, Baltimore, MD
- Market: Baltimore, MD
The buyer of the property is Franklin Graham, representing Samaritan’s Purse. The seller, GPT Properties Trust, was represented by David Dannenfelser and John Boote from Cushman & Wakefield. Assisting the buyer in the transaction were Eric Skogmo and Ned Brady from Lee & Associates.
Players
Windsor Mill 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93