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7223 Ambassador Rd, Baltimo...

High Street Logistics Acquires Warehouse In Baltimore For $67.5M With Cris Abramson As Buyer's Rep
SOLDWarehouse

High Street Logistics Acquires Warehouse In Baltimore For $67.5M With Cris Abramson As Buyer's Rep

7223 Ambassador Rd, Baltimore, MD...

$67,500,000

$156/SF

Building Size

430,118 SF

Asset Type

Warehouse

Closing

Jun 7, 2022

AI

The property asset involved in this transaction is located at 7223 Ambassador Rd, Baltimore, MD. It is situated in the Baltimore market and has a total square footage of 430,118. The transaction was completed for a price of $67,500,000.00.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $67,500,000.00
  • Address: 7223 Ambassador Rd, Baltimore, MD
  • Market: Baltimore
  • Buyer: High Street Logistics
  • Seller: Link Logistics
  • Buyer's Representative: Cris Abramson (Newmark Knight Frank)

The deal involved High Street Logistics as the buyer and Link Logistics as the seller. Cris Abramson from Newmark Knight Frank represented the buyer in this transaction.

Players

Nicholas Signor

Newmark

Broker

$466.4M

vol

7 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
High Street Logistics
High Street LogisticsBuyer
Link Logistics Real Estate
Link Logistics Real EstateSeller

Baltimore Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93