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700 E Pratt St, Baltimore, ...

Johns Hopkins University Leases 118000 Square Feet At 700 E Pratt St Baltimore
LEASEDOffice

Johns Hopkins University Leases 118000 Square Feet At 700 E Pratt St Baltimore

700 E Pratt St, Baltimore, MD, 21202

Building Size

118,000 SF

Asset Type

Office

Closing

Jun 4, 2021

AI

The property involved in the transaction is located at 700 E Pratt St, Baltimore, MD, 21202. This lease spans a total area of 118,000 square feet and is situated in the Baltimore market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: John Hopkins University
  • Landlord: American Real Estate Partners
  • Market: Baltimore
  • Square Feet: 118,000
  • Tenant's Representative: L. Bruce Matthai - Cushman & Wakefield
  • Landlord's Representatives: Bronwyn LeGette, David Downey - Cushman & Wakefield

This transaction features key representatives from Cushman & Wakefield, with L. Bruce Matthai representing the tenant, John Hopkins University, and Bronwyn LeGette along with David Downey representing the landlord, American Real Estate Partners.

Players

Bronwyn LeGette

Cushman & Wakefield

Broker

2 deals

Broker
AP
American Real Estate PartnersLandlord

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