BALTIMORE, MD — Greysteel, a national commercial real estate investment services firm, has arranged the sale of Fairspring Senior Apartments, a 100-unit senior affordable housing property, located in Baltimore, MD.
Greysteel CEO, Ari Firoozabadi and director, Henry Mathies from the firm’s Washington, DC office sold the property on behalf of the sellers, Osprey Property Companies and Pax-Edwards. The property sold for $7.7M.
Fairspring senior apartments is located at 1121 Saint Agnes Ln. in Baltimore. The property was built in 2002 and consists of 100 units with a mix of one- and two-bedroom units with an average SF of 673. Fairspring Senior Apartments is conveniently located within walking distance, or a short bus ride, to five major shopping centers along Maryland Rte. 40, providing residents multiple options for grocery, pharmacy, banking, exercise, and other retail needs. The property features a stop for the LocalLink #78 bus route, granting access to many destinations within the city, including Baltimore’s Inner Harbor.