Sam Tenenbaum Acquires Office Building In Baltimore, MD For $5M
6340 Security Boulevard, Baltimore, Maryland 21207, United States
$5,000,000
$83/SF
Building Size
60,000 SF
Asset Type
Office
Closing
Oct 4, 2022
AI
The office building located at 6340 Security Boulevard in Baltimore, MD has been sold in a recent transaction. The property spans a total of 60,000 square feet and was sold for a price of $5,000,000, resulting in a price per square foot of $83. The sale was facilitated by Owen Rouse of MacKenzie Commercial Real Estate Services, who represented the buyer, Sam Tenenbaum, in the transaction. The seller of the property was Woodlawn MD III FGF.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Square Footage: 60,000
- Price per Square Foot: $83
- Address: 6340 Security Boulevard, Baltimore, MD
- Broker: Owen Rouse - MacKenzie Commercial Real Estate Services
This transaction highlights the successful collaboration between buyer Sam Tenenbaum and his representative, Owen Rouse, who is affiliated with MacKenzie Commercial Real Estate Services. On the other side of the deal, Woodlawn MD III FGF acted as the seller. The sale price of $5,000,000, along with the size of the property at 60,000 square feet, demonstrates the significant value of this office building in Baltimore, MD.
Gwynn Oak 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93