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Tide Realty Capital Acquires Office Asset From Bedford Square Equities In Pikesville For $4.85M
SOLD
$4,850,000
Maryland
See Similar DealsOffice80,000 SF
Sold 06/05/2025
SOLD
Tide Realty Capital Acquires Office Asset From Bedford Square Equities In Pikesville For $4.85M
1314 Bedford Avenue & 119 Mchenry Avenue
See Similar DealsOffice80,000 SF
Sold 06/05/2025
Summary
MARYLAND
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:80,000 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 1314 Bedford Avenue & 119 Mchenry Avenue in Pikesville, MD. The property encompasses 40,000 square feet and was sold for $4,850,000, which equates to a price per square foot of $121.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,850,000
- Address: 1314 Bedford Avenue & 119 Mchenry Avenue
- Market: Pikesville, MD
- Buyer: Tide Realty Capital
- Seller: Bedford Square Equities
- Broker: Gilbert Trout - Trout Daniel & Associates
- Square Footage: 40,000
- Price per Square Foot: $121
Gilbert Trout from Trout Daniel & Associates represented the transaction, noting Pikesville’s strong occupancy and small-business activity as factors contributing to the asset's appeal, which aided in the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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