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3700 Koppers St, Baltimore,...

Updated Oct 29, 2024

Goodwill Industries Leases School Space In Baltimore To Tenant Goodwill Industries Of The Chesapeake
LEASEDSchool

Goodwill Industries Leases School Space In Baltimore To Tenant Goodwill Industries Of The Chesapeake

3700 Koppers St, Baltimore, MD, 21227

Building Size

14,662 SF

Asset Type

School

Closing

Sep 29, 2022

About this deal

AI

The property at 3700 Koppers St, Baltimore, MD, 21227 in Halethorpe is a school facility spanning 14,662 square feet. The lease for this asset was finalized on 09/29/2022. Goodwill Industries of the Chesapeake is the tenant occupying this space, with Michael Tait serving as the landlord's representative.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not Applicable
  • Address: 3700 Koppers St, Baltimore, MD, 21227
  • Market: Halethorpe
  • Tenant: Goodwill Industries of the Chesapeake
  • Square Feet: 14,662
  • Landlord's Rep: Michael Tait

The deal involved in this lease transaction was facilitated by Michael Tait, who represented the landlord. Goodwill Industries of the Chesapeake, a well-known organization, secured the lease of this school property located in the Halethorpe market. The transaction marks a significant agreement between the tenant and the landlord's representative, ensuring the utilization of the 14,662 square feet for the benefit of the tenant's operations.

Players

Michael Tait

Broker

2 deals

Broker

Halethorpe School Market Snapshot

Boundary boundary · School · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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