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100 Light Street Baltimore,...

Corporate Office Properties Trust Leases Office Space At 100 Light Street In Baltimore To Ice Miller LLP
LEASEDOffice

Corporate Office Properties Trust Leases Office Space At 100 Light Street In Baltimore To Ice Miller LLP

100 Light Street Baltimore, Maryland 21202, USA

$44

$44/SF

Building Size

5,951 SF

Asset Type

Office

Closing

May 17, 2023

AI

The office property located at 100 Light Street in Baltimore, MD has been leased. The property, owned by Corporate Office Properties Trust, has a total square footage of 5,951. The lease transaction was completed with Ice Miller LLP as the tenant. The asking rent for the space was $44.3 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 100 Light Street
  • Market: Baltimore, MD
  • Landlord: Corporate Office Properties Trust - John Hermann
  • Tenant: Ice Miller LLP - Michael Millikan
  • Asking Rent: $44.3 per square foot
  • Square Footage: 5,951

John Hermann from Corporate Office Properties Trust served as the landlord's representative, while Michael Millikan represented Ice Miller LLP as their broker.

Players

CT
Corporate Office Properties TrustLandlord

Baltimore Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93