Randallstown, MD
Deer Park Center
$21 million
Size
170,000
SQ.Ft
Randallstown, MD
Market
- 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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