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
About this deal
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