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
Cockeysville 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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93