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
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