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6100 Merriweather Drive, Co...

JLL Refinances Office Building In Columbia, MD For $117M
FINANCEDOffice

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

Jamie Leachman

JLL

Broker

$1.2B

vol

14 deals

Broker

Howard Hughes

Howard Hughes Corporation

Landlord

$234M

vol

6 deals

Landlord

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