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
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
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93