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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10980 Grantchester Way, Columbia
- Square Feet: 150,000
- Landlord: The Howard Hughes Corporation
- Tenant's Representatives: Karen Robertson-Newmark Knight Frank, Daniel Callihan-Newmark Knight Frank, James Cumber-Newmark Knight Frank
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
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