John B. Levy & Company has successfully closed a $19 million financing deal to acquire a 130,000 square-foot flex portfolio in Owings Mills, Maryland, highlighting the potential for growth in the commercial real estate market.

Target Information

John B. Levy & Company has successfully closed a financing deal totaling $19 million for the acquisition of a 130,000 square-foot flex portfolio located in Owings Mills, Maryland. This property is currently operating at a robust occupancy rate of 95%, featuring a diverse tenant mix that includes warehousing, educational institutions, daycare services, and retail businesses. Notably, the portfolio also has valuable opportunities for market-rate adjustments upon lease expirations due to its four years of Weighted Average Lease Term (WALT).

The property represents a strategic investment in the growing commercial real estate sector in Maryland's Owings Mills area. This flex portfolio is characterized by its versatility, accommodating various types of tenants, which thereby minimizes risk and enhances stability in cash flows.

Industry Overview in Owings Mills, Maryland

The Owings Mills area is experiencing significant growth, driven by its strategic location and vibrant economic landscape. The commercial real estate market in Maryland, particularly in regions like Owings Mills, is marked by a