Johns Hopkins Federal Credit Union Leases 29000 Square Feet From Corporate Office Properties Trust In Baltimore
1501 S Clinton St, Baltimore, MD, 212...
Building Size
29,000 SF
Asset Type
Office
Closing
Aug 5, 2019
AI
The property involved in this lease transaction is located at 1501 S Clinton St, Baltimore, MD, encompassing a total area of 29,000 square feet. The market for this property is Baltimore, and it is owned by Corporate Office Properties Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1501 S Clinton St, Baltimore, MD, 212...
- Market: Baltimore
- Tenant: Johns Hopkins Federal Credit Union
- Landlord: Corporate Office Properties Trust
- Square Feet: 29,000
- Tenant's Representative: Clare Berrang-Newmark Knight Frank
- Landlord's Representatives: Karen Robertson-Newmark Knight Frank, Daniel Callihan-Newmark Knight Frank, James Cumber-Newmark Knight Frank
This deal involves key representatives from Newmark Knight Frank, highlighting the collaborative efforts of Clare Berrang as the tenant's representative, while Karen Robertson, Daniel Callihan, and James Cumber represent the landlord in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93