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7210 Ambassador Road

Franklin Graham's Samaritan’s Purse Acquires Mixed-Use Property In Baltimore For $10.5M
SOLDMixed-use

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

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 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