- For Sale $2,376,000
- Property Type Other
- Property Size 18,360 SF
- Units 20
- Additional Rent Contact for pricing
- Date Updated Sep 6, 2024
- Website loftsatthedailyrecord.sharplaunch.com
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
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
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Contacts
Location
Getting Around
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Walk Score ®
99/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
70/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Downtown Baltimore
- Zip Code 21202
- Market Baltimore
Points of Interest
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Charles Center
0.16 miles
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Baltimore Arena
0.35 miles
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Centre Street
0.44 miles
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Shot Tower/Market Place
0.48 miles
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Shot Tower
0.48 miles
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Camden Station
0.64 miles
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Camden Street
0.67 miles
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Hamburg Street
0.95 miles
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Mount Royal / University of Baltimore
1.10 miles
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Upton
1.40 miles
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ChargePoint
0.42 miles
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Gulf
0.43 miles
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Exxon
0.49 miles
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Sunoco
0.72 miles
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Maryland Science Center
0.78 miles
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BP
0.82 miles
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BP
0.91 miles
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Mystik
0.92 miles
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BP
1.08 miles
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Marathon
1.25 miles
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210 St Paul Place Garage
0.02 miles
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The Weinberg Garage
0.09 miles
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McAuley Garage
0.14 miles
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The Bunting Garage
0.20 miles
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15 W. Franklin Street Garage
0.21 miles
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SP+
0.22 miles
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MAPS Employee Parking
0.24 miles
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Mayor's Parking
0.25 miles
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100 Light
0.28 miles
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Lot C
0.29 miles
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Embassy Suites
0.01 miles
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Quality Inn
0.08 miles
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Home2 Suites
0.11 miles
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Hotel Monaco Baltimore
0.16 miles
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Hostelling International
0.17 miles
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Lord Baltimore Hotel
0.19 miles
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La Quinta Inn & Suites by Wyndham Baltimore Downtown
0.22 miles
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Springhill Suites Marriott
0.23 miles
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Delta
0.24 miles
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Hotel Indigo
0.25 miles
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Maisy's
0.06 miles
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Arianna Kabob Grill
0.07 miles
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Eats
0.07 miles
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Sugarbee's Gourmet Panini Grill
0.07 miles
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Mekong Delta Cafe
0.07 miles
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Wow Food Cafe
0.08 miles
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Jan's and Charles' Pizza
0.08 miles
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Cazbar
0.09 miles
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King's Garden Cafe
0.09 miles
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Lumbini Restaurant & Grill
0.10 miles
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Saint Alphonsus School
0.18 miles
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Academy of Languages
0.20 miles
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New Foundations Mansef School
0.21 miles
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The Peabody Institute of Johns Hopkins
0.31 miles
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Baltimore School For The Arts
0.43 miles
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Grace and Saint Peters School
0.44 miles
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Baltimore City Community College-Harbor Campus
0.45 miles
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Downtown Baltimore Child Care / Park Avenue
0.51 miles
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School of Social Work
0.52 miles
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Saint Marys Seminary
0.54 miles
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Charles Plaza Child Care & Development
0.05 miles
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All My Children Child Care Center
0.53 miles
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Downtown Baltimore Child Care, Inc.
0.56 miles
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Bolton Hill Nursery
1.08 miles
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Saint Vincent de Paul Head Start
1.35 miles
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Kiddie Academy
1.82 miles
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Headstart, Harford Elementary School Modular
1.85 miles
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Dynamic Deliverance Childcare Center
2.07 miles
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Homewood Early Learning Center
2.43 miles
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Bright Beginnings
2.91 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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