Stifel Financial Corp Leases 35000 Square Feet At Wills Wharf Baltimore From Lou Haddad
1 South Street
Building Size
35,000 SF
Asset Type
Office
Closing
Jul 10, 2024
AI
The asset involved in this transaction is an office property located at 1 South Street in Baltimore, MD, with a total area of 35,000 square feet. The property is part of the Wills Wharf building at Harbor Point and contributes to the overall occupancy of Harbor Point’s office spaces, which now stands at 98%.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 South Street
- Market: Baltimore, MD
- Square Footage: 35,000
- Landlord: Lou Haddad - Armada Hoffler
- Tenant: Stifel Financial Corp.
- Landlord's Representative: Peter Jackson - JLL
- Tenant's Representatives: Courtenay Jenkins & David Downey Jr. - Cushman & Wakefield
The key individuals involved in this deal include Lou Haddad as the landlord representing Armada Hoffler, along with Peter Jackson from JLL acting as the landlord's representative. Stifel Financial Corp. secured the lease with representation from Courtenay Jenkins and David Downey Jr. of Cushman & Wakefield.
Players
Baltimore Office Market Snapshot
Boundary boundary · Office · 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