Imre Leases Office Space At PGA Court Towers, Towson- Lizzy Sweeney Rep
210 W Pennsylvania Ave, Baltimore, M...
Building Size
18,058 SF
Asset Type
Office
Closing
Jun 24, 2019
About this deal
AI
The property at 210 W Pennsylvania Ave, Baltimore, MD, in Towson, is an office space spanning 18,058 square feet. The lease was finalized on June 24, 2019, with PGA Court Towers acting as the landlord and imre as the tenant. Lizzy Sweeney from Cushman & Wakefield represented the landlord in the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 210 W Pennsylvania Ave, Baltimore, MD
- Market: Towson
- Tenant: imre
- Landlord: PGA Court Towers
- Square Feet: 18,058
- Landlord's Rep: Lizzy Sweeney (Cushman & Wakefield)
The deal involved Lizzy Sweeney from Cushman & Wakefield representing the landlord, PGA Court Towers, in the leasing agreement with the tenant, imre, for the 18,058 square feet office space located at 210 W Pennsylvania Ave, Baltimore, MD. The successful lease agreement was finalized on June 24, 2019, in the vibrant market of Towson.
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Office
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Towson Office Market Snapshot
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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