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
About this deal
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.
On the Map
Office
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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