- For Sale $2,376,000
- Property Type Other
- Units 20
- Additional Rent Contact for pricing
- Date Updated Dec 21, 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.
Reach out to the broker for more info on lease terms and amenities
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
False
Contacts
Location
Getting Around
-
Walk Score ®
99/100
Walker's Paradise
-
Transit Score ®
100/100
Rider's Paradise
-
Bike Score ®
70/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Downtown Baltimore
- Zip Code 21202
- Market Baltimore
Points of Interest
-
Charles Center
0.19 miles
-
Lexington Market
0.23 miles
-
Baltimore Arena
0.28 miles
-
Mount Vernon
0.37 miles
-
Shot Tower
0.59 miles
-
Camden Station
0.60 miles
-
Camden Street
0.63 miles
-
State Center
0.74 miles
-
Cultural Center
0.82 miles
-
Stadium / Federal Hill
0.93 miles
-
Gulf
0.31 miles
-
ChargePoint
0.32 miles
-
Exxon
0.37 miles
-
Front Street Fuel Station (Government only)
0.43 miles
-
Sunoco
0.65 miles
-
Marathon
0.65 miles
-
Maryland Science Center
0.82 miles
-
Carroll Motor Fuels
0.91 miles
-
BP
0.93 miles
-
US Fuel
1.00 miles
-
Brown's Arcade Garage
0.08 miles
-
210 St Paul Place Garage
0.12 miles
-
15 W. Franklin Street Garage
0.19 miles
-
The Weinberg Garage
0.20 miles
-
McAuley Garage
0.25 miles
-
Market Center Garage
0.29 miles
-
The Bunting Garage
0.29 miles
-
Baltimore Arena Parking Garage
0.31 miles
-
100 Light
0.32 miles
-
The Grand Garage
0.32 miles
-
La Quinta Inn & Suites Baltimore Downtown
0.11 miles
-
Hostelling International
0.12 miles
-
Embassy Suites
0.13 miles
-
Candlewood Suites
0.15 miles
-
Quality Inn
0.15 miles
-
Home2 Suites
0.15 miles
-
Kimpton Hotel Monaco Baltimore
0.17 miles
-
Lord Baltimore Hotel
0.17 miles
-
La Quinta
0.18 miles
-
Hotel Indigo
0.21 miles
-
Jan's and Charles' Pizza
0.04 miles
-
Wow Food Cafe
0.04 miles
-
Eats
0.05 miles
-
Sugarbee's Gourmet Panini Grill
0.05 miles
-
Arianna Kabob Grill
0.05 miles
-
Mekong Delta Cafe
0.05 miles
-
King's Garden Cafe
0.05 miles
-
Andina
0.06 miles
-
Curry Printing & Copy Center
0.07 miles
-
Subway
0.08 miles
-
Saint Alphonsus School
0.06 miles
-
New Foundations Mansef School
0.23 miles
-
Academy of Languages
0.23 miles
-
The Peabody Institute of Johns Hopkins
0.31 miles
-
Baltimore School For The Arts
0.39 miles
-
Grace and Saint Peters School
0.39 miles
-
School of Social Work
0.43 miles
-
Saint Marys Seminary
0.44 miles
-
Downtown Baltimore Child Care / Park Avenue
0.47 miles
-
University of Maryland Baltimore
0.48 miles
-
Charles Plaza Child Care & Development
0.09 miles
-
Downtown Baltimore Child Care, Inc.
0.45 miles
-
All My Children Child Care Center
0.56 miles
-
Bolton Hill Nursery
1.03 miles
-
Saint Vincent de Paul Head Start
1.43 miles
-
Kiddie Academy
1.89 miles
-
Dayspring Head Start Harford Heights
1.92 miles
-
Dynamic Deliverance Childcare Center
2.18 miles
-
The Waverly Early Head Start Center of Goodwill
2.36 miles
-
Homewood Early Learning Center
2.40 miles
Frequently Asked Questions
The space currently listed for sale at Lofts at the Daily Record asks for $2,376,000.
Lofts at the Daily Record totals 18,360 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
