Unknown Buyer Acquires Property At 2349 Perring Manor Rd Baltimore For $69.3M With Seller's Rep Christine Espenshade
SOLD
$69,300,000
Maryland
See Similar DealsMultiFamily
Sold 03/10/2021
SOLD
Unknown Buyer Acquires Property At 2349 Perring Manor Rd Baltimore For $69.3M With Seller's Rep Christine Espenshade
2349 Perring Manor Rd, Baltimore, MD...
See Similar DealsMultiFamily
Sold 03/10/2021
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is located at 2349 Perring Manor Rd, Baltimore, MD, within the Parkville market. The property was sold for $69,300,000.00 and has an area of 0 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $69,300,000.00
- Address: 2349 Perring Manor Rd, Baltimore, MD
- Market: Parkville
- Seller's Representative: Christine Espenshade, Newmark
- Buyer: Unknown
This transaction features key individuals, notably Christine Espenshade representing the seller through Newmark. The buyer's identity remains undisclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,696,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$246,208.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$328,517.36
Annual Debt Service$3,942,208.26
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