JLL Refinances Office Building In Columbia, MD For $117M
6100 Merriweather Drive, Columbia, Maryland 21044, United States
$117,000,000
$369,085/SF
Building Size
317 SF
Asset Type
Office
Closing
Jan 13, 2023
AI
The office building located at 6100 Merriweather Dr in Columbia, MD has recently undergone a refinancing loan transaction. The property, owned by the Howard Hughes Corporation, encompasses a total area of 317,189 square feet. The loan amount for this transaction is $117,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $117,000,000
- Market: Columbia, MD
- Landlord: Howard Hughes Corporation
- Brokers: Jamie Leachman & Drake Greer - JLL
Jamie Leachman and Drake Greer from JLL were the brokers involved in this refinancing deal. They represented the parties in this transaction, facilitating the loan refinancing process for the office property located at 6100 Merriweather Dr.
Players
Columbia Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93