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1045 Taylor Ave

Gorjian Acquisitions Purchases Office Property At 1045 Taylor Ave Towson MD For $2M
SOLDOffice

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

GA
Gorjian AcquisitionsBrokerage

Joel Gorjian

Gorjian Acquisitions

Buyer

$5.8M

vol

5 deals

Buyer
GA
Gorjian AcquisitionsBuyer

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