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
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