OfficeOwned
Harbor Point Tower
100 Harbor Point Blvd, Baltimore, MD
- Size
- 285,000 SF
- Year built
- 2008
- Acquired
- 11/20/18
- Basis
- $92.0M
- Fund
- Fund I
- Region
- Mid-Atlantic
- Manager
- CBRE
- Accounting system
- MRI
T12 NOI
$5.6M
+4.1% vs prior T12
Occupancy
84.2%
As of Aug 2026 rent roll
NOI / SF
$19.60
Trailing 12 months
Yield on cost
6.07%
T12 NOI / purchase price
DSCR
1.46x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- MetLife
- Balance
- $58,000,000
- Rate
- 4.40%
- Structure
- 25-yr amort
- Maturity
- 01/01/27
- Annual debt service
- $3,829,195
- LTV on basis
- 63.0%
T12 income statement
PropLake standard chart of accounts · mapped from MRI| Revenue | ||
| 4010Rental Income | $10,520,462 | 12 bronze rows |
| 4020Other Income | $424,411 | 12 bronze rows |
| 4030Vacancy Loss | ($526,372) | 12 bronze rows |
| Total revenue | $10,418,501 | |
| Operating expenses | ||
| 5010Payroll | $951,788 | 12 bronze rows |
| 5020Repairs & Maintenance | $678,321 | 12 bronze rows |
| 5030Utilities | $584,931 | 12 bronze rows |
| 5040Property Taxes | $1,062,699 | 12 bronze rows |
| 5050Insurance | $386,436 | 12 bronze rows |
| 5060Management Fees | $486,591 | 12 bronze rows |
| 5070Marketing | $194,364 | 12 bronze rows |
| 5080General & Administrative | $488,298 | 12 bronze rows |
| Total operating expenses | $4,833,428 | |
| Net operating income | $5,585,073 | |
| Below NOI | ||
| 6010Interest Expense | $2,552,004 | 12 bronze rows |
| 6020Capital Expenditures | $297,830 | 12 bronze rows |
| Net cash flow | $2,735,239 | |