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118 Westminster Pike, Reist...

Supreme Lending Leases Office Space In Reisterstown From St. John Properties
LEASEDOffice

Supreme Lending Leases Office Space In Reisterstown From St. John Properties

118 Westminster Pike, Reisterstown...

Building Size

15,492 SF

Asset Type

Office

Closing

Sep 16, 2021

AI

Located at 118 Westminster Pike, Reisterstown, the leased property is an office space spanning 15,492 square feet. Supreme Lending has secured the tenancy at this address in Reisterstown.

Summary of transaction details:

Lizzy Sweeney from Cushman & Wakefield acted as the tenant's representative during the lease transaction, while Michael Sacks represented the landlord in the deal.

Players

Michael Sacks

Broker

3 deals

Broker
St. John Properties
St. John PropertiesBrokerage
St. John Properties
St. John PropertiesLandlord

Reisterstown 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