Scott Wingrat Of Cresa Represents Tenant In Baltimore Office Lease Deal
175 W Ostend St, Baltimore, MD, 21230
Building Size
4,500 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
The office property located at 175 W Ostend St, Baltimore, MD, 21230, consisting of 4500 square feet, was involved in a recent lease transaction. The landlord, Himmelrich Associates, finalized the deal with the assistance of the tenant's representative, Scott Wingrat of Cresa.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 175 W Ostend St, Baltimore, MD, 21230
- Market: Baltimore
- Tenant's Rep: Scott Wingrat (Cresa)
- Landlord: Himmelrich Associates
- Square Feet: 4500
The collaboration between Scott Wingrat of Cresa and Himmelrich Associates resulted in the successful lease of the office space at 175 W Ostend St in Baltimore. The deal highlights the importance of effective representation and negotiation in the commercial real estate sector.
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