MCB Real Estate Acquires Baltimore Office Building For $25M
1 East Pratt Street Baltimore, Maryland 21202, USA
$25,000,000
$70/SF
Building Size
355,800 SF
Asset Type
Office
Closing
Jul 31, 2023
About this deal
AI
MCB Real Estate has agreed to purchase One East Pratt St., a 355,800-square-foot office building located at 1 East Pratt Street in Baltimore's central business district. The sale price for this property transaction is $25 million.
Summary of transation details
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 1 East Pratt Street
- Market: Baltimore, MD
- Square Footage: 355,800
- Price Per Square Foot: $70
The buyer in this transaction is MCB Real Estate. They have agreed to purchase the office building at 1 East Pratt Street for a price of $25 million. This acquisition will allow MCB Real Estate to expand their portfolio in Baltimore's central business district.
Players
Baltimore Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Maryland office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93