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1501 S Clinton St, Baltimor...

Johns Hopkins Federal Credit Union Leases 29000 Square Feet From Corporate Office Properties Trust In Baltimore
LEASEDOffice

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

Clare Berrang

Newmark

Broker

1 deal

Broker
CT
Corporate Office Properties TrustLandlord

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