Harbor Stone Advisors has executed the sale of Baltimore Loft Apartments, located on 8 E Fayette St in Downtown Baltimore. The property consists of 20 luxury apartments and 1 ground floor retail space. Harbor Stone Advisors President, Justin Verner, and Senior Advisor, Brooks Healy, served as exclusive advisor and agent to the Virginia based seller, Cambridge Holdings LLC. The purchaser was a private buyer based in New Jersey.
The apartments, recently gut renovated in 2019, have a unit mix of (1) Studio and (19) 1 Br-1 Ba. Units contain stainless steel appliances, granite countertops, high grade wood-like flooring, and porcelain tile bathrooms. Property amenities include keyless entry fobs, door entry management system, IP camera system throughout common areas, and a bike rack in the common area. The property also includes one commercial space on the ground floor, which formerly housed a Burger King, but was vacant at the time of sale.
Verner noted, “Our client was very pleased to execute a sale at this level. An out-of-state buyer was sourced via our targeted marketing approach. They were attracted to the quality of the apartment renovations and CBD location.”
8 E Fayette is located in the heart of Downtown Baltimore and the Central Business District. Blocks to the retail and restaurants of the Inner Harbor. Camden Yards, home to the Baltimore Orioles, is also located within walking distance. Abundant local dining, shopping and entertainment. Steps to downtown’s only grocer, Streets Market and Cafe. The subject property has a Walk Score of 99, ranking it a Walker’s Paradise.
About Harbor Stone Advisors:
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit www.harborstoneadvisors.com.
