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6500 Reisterstown Road

Tide Realty Capital Acquires Reisterstown Road Plaza In Baltimore For $48.3M
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Tide Realty Capital Acquires Reisterstown Road Plaza In Baltimore For $48.3M

6500 Reisterstown Road

$48,300,000

$65/SF

Building Size

742,573 SF

Asset Type

Retail

Closing

Nov 8, 2023

AI

Tide Realty Capital, represented by Aaron Loeb, has acquired the Reisterstown Road Plaza in Baltimore for $48.3 million from Kite Realty. The property, located at 6500 Reisterstown Road, is a retail asset with a total area of 742,573 square feet. The transaction reflects a price per square foot of $65.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $48,300,000
  • Square Footage: 742,573
  • Address: 6500 Reisterstown Road, Baltimore, MD
  • Buyer: Aaron Loeb - Tide Realty Capital
  • Seller: John A. Kite - Kite Realty
  • Broker: Mathew Adler - Newmark

Tide Realty Capital, led by Aaron Loeb, successfully acquired the Reisterstown Road Plaza in Baltimore. The property, purchased from John A. Kite of Kite Realty, is a 742,573-square-foot retail asset. Mathew Adler of Newmark represented the buyer in this transaction.

Players

Mathew Adler

Newmark

Broker

$507.6M

vol

6 deals

Broker

John A. Kite

Kite Realty

Seller

$1.1B

vol

6 deals

Seller

Baltimore Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93