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6340 Security Boulevard, Ba...

Sam Tenenbaum Acquires Office Building In Baltimore, MD For $5M
SOLDOffice

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.

Players

Owen Rouse

MacKenzie Commercial Real Estate Services

Broker

$31.8M

vol

5 deals

Broker

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