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
About this deal
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
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