Trademark Properties & Prab Thangarajah Acquires Office Building In Baltimore For $6M
210 North Charles Street, Baltimore, Maryland 21218, United States
$6,000,000
$25/SF
Building Size
232,000 SF
Asset Type
Office
Closing
Mar 22, 2022
AI
The office building located at 210 North Charles St in Baltimore, MD has been sold for $6,000,000. The property spans 232,000 square feet with a price per square foot of $26. The buyer of the property is Trademark Properties & Prab Thangarajah, while the seller is Artemis Properties. The sale was facilitated by Brad Byrnes from Byrnes & Associates Inc.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,000,000
- Address: 210 North Charles St, Baltimore, MD
- Market: Baltimore, MD
- Buyer: Trademark Properties & Prab Thangarajah
- Seller: Artemis Properties
- Broker: Brad Byrnes - Byrnes & Associates Inc
- Square Footage: 232,000
- Price Per Square Foot: $26
Brad Byrnes from Byrnes & Associates Inc played a key role in facilitating the transaction. The office building sale represents a significant deal in the Baltimore, MD market.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93