Gorjian Acquisitions Purchases Office Property At 1045 Taylor Ave Towson MD For $2M
1045 Taylor Ave
$2,000,000
$19/SF
Building Size
100,807 SF
Asset Type
Office
Closing
May 28, 2025
AI
The property involved in this transaction is an office asset located at 1045 Taylor Ave, Towson, MD. The sale was completed for a total price of $2,000,000, with 86 units available, resulting in a price per unit of $23,255. The total square footage of the property is 100,807, which equates to a price per square foot of $19.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,000,000
- Units: 86
- Price Per Unit: $23,255
- Square Footage: 100,807
- Price Per Square Foot: $19
- Buyer: Joel Gorjian, Adam Etessami, Ethan Kalaty, Eitan Kohanim - Gorjian Acquisitions
- Seller: Denrich Family
- Date of Sale: 5/29/2025
The transaction was executed in an all-cash format, showcasing Gorjian Acquisitions' capability to finalize deals rapidly, which allows them to outpace competing buyers. This acquisition strategy emphasizes both speed and certainty, assuring sellers of a smooth closing process. Buyers are encouraged to reach out to Gorjian Acquisitions via [email protected] for further inquiries.
Players
Towson 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93