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
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