Marcus & Millichap Inc.
07/27/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale and Financing of $6.94 Million Baltimore Office Complex
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Marcus & Millichap Brokers Sale and Financing of $6.94 Million Baltimore Office Complex
July 27, 2026
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BALTIMORE, Md., July 27, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of 1520 S. Caton Ave., a two-building office complex in Baltimore. The asset sold for $6,940,000. Marcus & Millichap Capital Corporation (MMCC0, a subsidiary of Marcus & Millichap, secured $6,840,000 in financing.
"This transaction delivered a strong outcome for both parties," said Bryn Merrey, Senior Managing Director Investments in Marcus & Millichap's Washington, D.C., office. "The buyer, a regional aviation services company, intends to partner with a local nonprofit trade school to transform the property into a new aviation mechanic training school, giving the building a meaningful long-term use while addressing the industry's need for qualified technicians."
Merrey and John Faus of Marcus & Millichap facilitated the transaction on behalf of the seller and buyer. Jared Cassidy, senior director based in MMCC's Washington, D.C. office, secured the financing with a regional bank on behalf of the buyer. The loan features a 10-year term with a blended 6.5% interest rate and 25-year amortization period. The financing also included future funding for tenant-specific renovations.
The fully leased property totals 48,404 square feet on 3.22 acres and occupies a full city block at the intersection of South Caton and Bloomfield Avenues. It is located immediately off Interstate-95 and, given the parcel size and traffic counts, offers the potential for future redevelopment.
The property is about eight minutes from downtown Baltimore and nine minutes from Baltimore/Washington International Thurgood Marshall Airport.
"This transaction delivered a strong outcome for both parties," said Bryn Merrey, Senior Managing Director Investments in Marcus & Millichap's Washington, D.C., office. "The buyer, a regional aviation services company, intends to partner with a local nonprofit trade school to transform the property into a new aviation mechanic training school, giving the building a meaningful long-term use while addressing the industry's need for qualified technicians."
Merrey and John Faus of Marcus & Millichap facilitated the transaction on behalf of the seller and buyer. Jared Cassidy, senior director based in MMCC's Washington, D.C. office, secured the financing with a regional bank on behalf of the buyer. The loan features a 10-year term with a blended 6.5% interest rate and 25-year amortization period. The financing also included future funding for tenant-specific renovations.
The fully leased property totals 48,404 square feet on 3.22 acres and occupies a full city block at the intersection of South Caton and Bloomfield Avenues. It is located immediately off Interstate-95 and, given the parcel size and traffic counts, offers the potential for future redevelopment.
The property is about eight minutes from downtown Baltimore and nine minutes from Baltimore/Washington International Thurgood Marshall Airport.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on July 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 30, 2026 at 17:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]