Tide Realty Capital Acquires Office Asset From Bedford Square Equities In Pikesville For $4.85M
1314 Bedford Avenue & 119 Mchenry Avenue
$4,850,000
$60/SF
Building Size
40,000 SF
Asset Type
Office
Closing
Jun 5, 2025
About this deal
AI
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.
Pikesville 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93