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10 N Park Dr

Updated Dec 4, 2024

Travelers Insurance Leases 65,214 SF Office Space In Hunt Valley, MD
LEASEDOffice

Travelers Insurance Leases 65,214 SF Office Space In Hunt Valley, MD

10 N Park Dr

$24

$24/SF

Building Size

82,300 SF

Asset Type

Office

Closing

Jan 16, 2024

About this deal

AI

Travelers Insurance is relocating and downsizing its Hunt Valley, Md., office, securing a 65,214-square-foot lease in the North Park Business Community. This move brings them closer to the four-story, 82,300-square-foot office building located at 10 North Park Drive. The property, situated in the Hunt Valley market, is owned by North Park Ventures.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Asking Rent: $24.5/ft
  • Square Footage: 82,300
  • Address: 10 N Park Dr
  • Market: Hunt Valley, MD

Joe Bradley from MacKenzie Commercial Real Estate Services represented the landlord, North Park Ventures, in this lease transaction. On the other hand, Charlie Fenwick and Doug Brinkley from Cushman & Wakefield served as the tenant's representatives for Travelers Insurance.

Players

Joe Bradley

MacKenzie Commercial Real Estate Services

Broker

1 deal

Broker
NV
North Park VenturesLandlord

Cockeysville Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $24 per square foot on a published $24 for 82,300 square feet (2024).

Visit MacKenzie Commercial Real Estate Services to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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