For Sale $2,376,000
Property Type Other
Property Size 18,360 SF
Units 20
Additional Rent Contact for pricing
Date Updated Nov 4, 2024

11 E Saratoga St. | Baltimore, MD 21202

Harbor Stone Advisors is pleased to present the opportunity to acquire the Lofts at Daily Record, a gut renovated asset located in Downtown Baltimore. The property is located across the street from Mercy Medical Center and is less than a mile away from the University of Maryland, Baltimore.

The Lofts at Daily Record features 20 apartments with a mix of (3) Studios, (13) 1 Br-1 Ba, and (4) 2 Br-1 Ba. Prior ownership completed a gut renovation of the property in 2018 which included converting The Daily Record newspaper’s former office to luxury-style apartments. Typical apartment unit features include stainless steel appliances, granite countertops, wood cabinets, vinyl plank/tile flooring, and washer/dryers in some units. In addition to the interior renovations, current ownership also updated all mechanical systems and replaced the roof, leaving minimal deferred maintenance for a new owner.

The opportunity exists for a new owner to focus on organic rent growth at the Lofts at Daily Record. Comparable properties nearby are achieving rents at least $200 higher on average compared to the Subject property.

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Attachments

loftsatthedailyrecord.sharplaunch.com (PDF) opens in new window

Highlights

Opportunity to Acquire a Gut-Renovated, Landmark Asset in Downtown Baltimore
Features 20 apartments with a mix of (3) Studios, (13) 1 Br-1 Ba, and (4) 2 Br-1 Ba
Typical apartment unit features include stainless steel appliances, granite countertops, wood cabinets, vinyl plank/tile flooring, and washer/dryers in some units
Tenants reimburse for water
Minimal Deferred Maintenance and Potential to Increase Rental Revenue
Prior ownership completed a gut renovation of the property in 2018 which included converting The Daily Record newspaper's former office to luxury-style apartments
In addition to the interior renovations, current ownership also updated all mechanical systems and replaced the roof
Opportunity exists for a new owner to focus on organic rent growth as similar properties nearby are achieving rents at least $200 higher on average
Excellent Location in Downtown Baltimore; Across the Street from Mercy Medical Center
Minutes away from Downtown staples such as the Inner Harbor, the National Aquarium, and Power Plant Live!
Abundant transportation options located nearby including the Metro SubwayLink, Light Rail and various bus lines
Easily walkable to retail, dining, and nightlife; ranked a Walker's Paradise by WalkScore
Major area employers/colleges nearby: Mercy Medical Center, City and State Government Offices, University of Maryland, Baltimore, UMMC

Contacts

Location

Getting Around

Walk Score ®
99/100 Walker's Paradise
Transit Score ®
100/100 Rider's Paradise
Bike Score ®
70/100 Very Bikeable

Map
Street

City Baltimore, MD
Neighborhood Downtown Baltimore
Zip Code 21202
Market Baltimore

Points of Interest

Charles Center

0.16 miles
Lexington Market

0.35 miles
Baltimore Arena

0.35 miles
Mount Vernon

0.44 miles
Shot Tower

0.48 miles
Camden Station

0.64 miles
Camden Street

0.67 miles
State Center

0.81 miles
Cultural Center

0.86 miles
Stadium / Federal Hill

0.95 miles

Front Street Fuel Station (Government only)

0.32 miles
ChargePoint

0.42 miles
Gulf

0.43 miles
Exxon

0.49 miles
Marathon

0.54 miles
Sunoco

0.72 miles
Maryland Science Center

0.78 miles
BP

0.82 miles
US Fuel

0.89 miles
Carroll Motor Fuels

0.91 miles

210 St Paul Place Garage

0.02 miles
The Weinberg Garage

0.09 miles
Brown's Arcade Garage

0.10 miles
McAuley Garage

0.14 miles
The Bunting Garage

0.20 miles
15 W. Franklin Street Garage

0.21 miles
SP+

0.22 miles
Mayor's Parking

0.24 miles
MAPS Employee Parking

0.24 miles
100 Light

0.28 miles

Embassy Suites

0.01 miles
Quality Inn

0.08 miles
Candlewood Suites

0.11 miles
Home2 Suites

0.11 miles
Hostelling International

0.17 miles
Kimpton Hotel Monaco Baltimore

0.17 miles
Lord Baltimore Hotel

0.19 miles
La Quinta Inn & Suites Baltimore Downtown

0.22 miles
Springhill Suites Marriott

0.23 miles
Delta

0.24 miles

Maisy's

0.06 miles
Arianna Kabob Grill

0.07 miles
Subway

0.07 miles
Eats

0.07 miles
Sugarbee's Gourmet Panini Grill

0.07 miles
Mekong Delta Cafe

0.07 miles
Wow Food Cafe

0.08 miles
Jan's and Charles' Pizza

0.08 miles
Curry Printing & Copy Center

0.08 miles
Cazbar

0.09 miles

Saint Alphonsus School

0.18 miles
Academy of Languages

0.20 miles
New Foundations Mansef School

0.21 miles
The Peabody Institute of Johns Hopkins

0.31 miles
Baltimore School For The Arts

0.43 miles
Grace and Saint Peters School

0.44 miles
Downtown Baltimore Child Care / Park Avenue

0.51 miles
School of Social Work

0.52 miles
Saint Marys Seminary

0.54 miles
University of Maryland Baltimore

0.59 miles

Charles Plaza Child Care & Development

0.05 miles
All My Children Child Care Center

0.53 miles
Downtown Baltimore Child Care, Inc.

0.56 miles
Bolton Hill Nursery

1.08 miles
Saint Vincent de Paul Head Start

1.35 miles
Kiddie Academy

1.82 miles
Dayspring Head Start Harford Heights

1.85 miles
Dynamic Deliverance Childcare Center

2.07 miles
The Waverly Early Head Start Center of Goodwill

2.33 miles
Play Workz Learning Center

2.38 miles

Frequently Asked Questions

How much does Lofts at the Daily Record cost?

The space currently listed for sale at Lofts at the Daily Record asks for $2,376,000.

What is the total square footage of Lofts at the Daily Record?

Lofts at the Daily Record totals 18,360 square feet.

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