Randallstown, MD

Deer Park Center

$21 million




Randallstown, MD

  • 7-year first mortgage financing with an institutional lender
  • Joint-venture institutional equity investor, co-terminus with the first mortgage financing
  • JBL & Company invested proprietary capital with the general partner & sponsor
  • Four, adjacent buildings totaling over 170,000 SF of light industrial/flex space
  • Diversified, granular rent roll with 36 tenants, 89% occupied
  • Excellent tenant retention history, with 34% of the GLA having 20+ years of occupancy
  • The cost basis is significantly below the current replacement cost
  • Prime location servicing a population of approximately 1 million people within a 30-minute drive

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