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1 South Street Baltimore, M...

Updated Oct 29, 2024

One South Street Office Tower In Baltimore Sold For $24M To BHN Associates
SOLDOffice

One South Street Office Tower In Baltimore Sold For $24M To BHN Associates

1 South Street Baltimore, Maryland 21202, Usa

$24,000,000

Building Size

Asset Type

Office

Closing

Jun 16, 2023

About this deal

AI

One South Street, a landmark office tower in downtown Baltimore, was recently sold for $24 million. The property, located at 1 South Street, offers a prime office space in the bustling market of Baltimore, MD. The transaction signifies a significant milestone in the real estate market as it highlights the demand for premium office spaces in the area.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $24,000,000
  • Address: 1 South Street, Baltimore, MD
  • Market: Baltimore, MD

The buyer, BHN Associates represented by Mordy Wider, recognized the value and potential of One South Street. With its strategic location and noteworthy features, the office tower presents various business opportunities for the new owners.

Leading the deal was Robert Manekin from JLL, who acted as the broker. His expertise and experience in the real estate industry played a vital role in facilitating the successful sale of the property. His negotiation skills and in-depth knowledge of the market ensured a favorable outcome for both the buyer and seller.

This transaction signifies the ongoing activity in the Baltimore real estate market, with investors showcasing interest in office spaces. One South Street's sale emphasizes the value and potential of commercial properties in downtown Baltimore. The deal marks a significant milestone and sets a benchmark for future transactions in the area.

Players

Robert Manekin

JLL

Broker

$24M

vol

1 deal

Broker
BA
BHN AssociatesBuyer

Seri Kembangan Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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