High Street Logistics Acquires Warehouse In Baltimore For $67.5M With Cris Abramson As Buyer's Rep
SOLD
$67,500,000
Maryland
See Similar DealsWarehouse430,118 SF
Sold 06/07/2022
SOLD
High Street Logistics Acquires Warehouse In Baltimore For $67.5M With Cris Abramson As Buyer's Rep
7223 Ambassador Rd, Baltimore, MD...
See Similar DealsWarehouse430,118 SF
Sold 06/07/2022
Summary
MARYLAND
Asset Type:Warehouse
Price Per Square Foot:$156
Total Square Footage:430,118 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$239,813.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$319,984.44
Annual Debt Service$3,839,813.24
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