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10980 Grantchester Way, Col...

Howard Hughes Corporation Leases 150000 Square Feet To Tenant Represented By Newmark Knight Frank In Columbia
LEASED

Howard Hughes Corporation Leases 150000 Square Feet To Tenant Represented By Newmark Knight Frank In Columbia

10980 Grantchester Way, Columbia...

Building Size

150,000 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 10980 Grantchester Way, Columbia. It encompasses a total square footage of 150,000 and is situated within the Columbia market. The landlord for this lease is The Howard Hughes Corporation.

Summary of transaction details:

The transaction was facilitated by representatives from Newmark Knight Frank, specifically Karen Robertson, Daniel Callihan, and James Cumber, who acted on behalf of the tenant in this leasing agreement.

Players

Daniel Callihan

Newmark

Broker

2 deals

Broker

Howard Hughes

Howard Hughes Corporation

Landlord

$234M

vol

6 deals

Landlord

Columbia CRE Market Snapshot

Boundary boundary · CRE · 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