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120 E Baltimore St, Baltimo...

Grander Capital Partners Acquires Property At 120 E Baltimore St For $32.8M With Graham Savage As Buyer's Rep
SOLDOffice

Grander Capital Partners Acquires Property At 120 E Baltimore St For $32.8M With Graham Savage As Buyer's Rep

120 E Baltimore St, Baltimore, MD 21202

$32,799,999

Building Size

Asset Type

Office

Closing

Nov 20, 2023

AI

120 E Baltimore St is a 25-story office tower located in Baltimore, MD 21202. The property was sold for $32,799,999.00. The total square footage of the building is not specified, but it was reported as 75 percent leased at the time of the sale. Major tenants include SunTrust Bank, the State of Maryland Pension System, and the Baltimore City State Attorney’s Office.

Summary of transaction details:

  • Property Type: Office Tower
  • Transaction Amount: $32,799,999.00
  • Address: 120 E Baltimore St, Baltimore, MD 21202
  • Market: Baltimore
  • Buyer's Representative: Graham Savage-Cushman & Wakefield
  • Buyer: Grander Capital Partners
  • Seller: Not disclosed

Graham Savage and Nicole Keelty of Cushman & Wakefield arranged the transaction on behalf of the buyer, Grander Capital Partners based in Boston. The details of the seller remain undisclosed.

Players

Graham Savage

Cushman & Wakefield

Broker

$384.7M

vol

11 deals

Broker
GP
Grander Capital PartnersBuyer

Baltimore 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93