Lofts at the Daily Record

For Sale

11 E Saratoga St., Baltimore, MD 21202

This Baltimore property for sale is located at 11 E Saratoga St.. The current listed sale price for Lofts at the Daily Record is $2,376,000.

Contacts

broker
Justin Verner

Harbor Stone Advisors

broker
Brooks Healy

Harbor Stone Advisors

broker
Tom Wohlgemuth

Harbor Stone Advisors

broker
Shana Sabie

Harbor Stone Advisors

broker
Todd Galvin

Harbor Stone Advisors

Property Details

  • Property Type Other
  • Units 20
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 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.

99 Walk Score of 11 East Saratoga Street Baltimore MD 21202

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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

Getting around

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 70/100

    Bike Score ®

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Location

  • 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

  • Charles Plaza

    0.05 miles

  • Streets Market & Cafe

    0.05 miles

  • Po Tung Oriental Grocery

    0.13 miles

  • 7 Food Market

    0.25 miles

  • The Gallery at Harborplace

    0.44 miles

  • Pratt Street Pavilion (Harbor Place)

    0.52 miles

  • Light Street Pavilion (Harbor Place)

    0.54 miles

  • Eddie's of Mount Vernon

    0.60 miles

  • Marshalls

    0.62 miles

  • Burlington

    0.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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