Anthem Blue Cross Leases 170000 Square Feet At 21215 Burbank Blvd From Lincoln Property Company
21215 Burbank BLVD, Woodland Hills...
Building Size
170,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 21215 Burbank BLVD, Woodland Hills, within the Baltimore market. The leased area encompasses 170,000 square feet and is occupied by Anthem Blue Cross. The landlord for this transaction is Lincoln Property Company.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Anthem Blue Cross
- Landlord: Lincoln Property Company
- Address: 21215 Burbank BLVD, Woodland Hills
- Square Feet: 170,000
- Tenant's Representatives: Liron Nelik, Corey Davidson, David DiPietro
This transaction highlights the involvement of multiple representatives working for the tenant, Anthem Blue Cross, namely Liron Nelik, Corey Davidson, and David DiPietro, who facilitated the lease agreement with Lincoln Property Company.
On the Map
Players
Baltimore CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93