Owings Mills, MD
Owings Mills Commerce Center
$20m
Size
130,000
SQ.Ft
Owings Mills, MD
Market
- $20 million capital stack for this off-market flex portfolio acquisition
- Debt: A $14 million (70%) loan from a top-tier insurance company, fixed at a competitive 5.90% for a 7-year term.
- Equity: The remaining $6 million (30%) was provided by an institutional joint venture (JV) partner, supplying 85% of the equity. We are proud to have invested shoulder-to-shoulder with the Sponsor as a Co-General Partner (Co-GP).
- 95% occupied with 4 years WALT & valuable mark-to-market opportunities upon lease expiration
- Varied tenant mix, including warehouse, school, daycare, retail tenants; 45+% office finish
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