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
Baltimore Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
Loading comparables…
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