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
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