Data Canopy Leases 2500 Square Feet At 10500 Little Patuxent Pkwy Columbia From Howard Hughes Corporation
10500 Little Patuxent Pkwy, Columbia...
Building Size
2,500 SF
Asset Type
Office
Closing
Jul 24, 2019
AI
The property involved in this transaction is located at 10500 Little Patuxent Pkwy, Columbia. The asset consists of 2,500 square feet and is part of the Columbia market. The landlord is Howard Hughes Corporation, and the tenant is Data Canopy.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10500 Little Patuxent Pkwy, Columbia
- Market: Columbia
- Landlord: Howard Hughes Corporation
- Tenant: Data Canopy
- Landlord's Representative: Kevin Wille (CBRE)
- Square Feet: 2,500
The deal features Kevin Wille representing the landlord, Howard Hughes Corporation, while Data Canopy is the tenant occupying the space. This transaction underscores the engagement of CBRE in facilitating the lease arrangement.
Players
Columbia 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