The 86,000-sf, 18-year-old building at 1821 Portal St. commanded $5.8 million from New York-based Blakely Stern Investment Advisors LLC. Fully leased to Johns Hopkins Bayview Medical Center and Bacchus Importers Ltd., 1821 Portal has a current assessed value of $2.2 million.
"These two sales reflect investor confidence in the submarket close to the Port of Baltimore," CBRE senior vice president Bill Pellington says. Pellington and colleague Bo Cashman were the brokers who orchestrated the transactions.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
