Jared Cassidy Of Marcus & Millichap Secures $6.8M Loan For Office Property In Baltimore
1520 South Caton Avenue
$6,800,000
$182/SF
Building Size
37,200 SF
Asset Type
Office
Closing
Jul 29, 2026
About this deal
AI
The property asset involved in the transaction is a 37,200-square-foot office located at 1520 South Caton Avenue in Baltimore, MD. The transaction includes a loan amount of $6,800,000 which is designated for acquisition purposes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,800,000
- Loan Type: Acquisition
- Loan Terms: 5-year
- Broker: Jared Cassidy - Marcus & Millichap
- Market: Baltimore, MD
- Note: The property was previously known as the Brightwood College building and will be repurposed as a training facility for a regional aviation services company focused on aviation mechanics.
Jared Cassidy from Marcus & Millichap Capital Corp. arranged the financing for this acquisition loan, securing five-year financing from a regional bank on behalf of a private buyer.
Avenue Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93