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116 Defense Highway
Value-Add Medical Office Opportunity

Transwestern Mid-Atlantic Capital Markets Group has been retained as exclusive advisor in the sale of 116 Defense Highway, a medical office building totaling 81,707 square feet in Annapolis, Maryland (the “Property”). The asset is a hard-to-find Class A product that is currently 70% leased. This presents the opportunistic investor a chance to buy significantly below replacement cost and reposition the building.

INVESTMENT HIGHLIGHTS

♦ Opportunity to buy Class A medical office product in Annapolis
♦ Unique, exclusive signage potential
♦ Will sell below replacement cost
♦ Above-market parking facilities
♦ Tremendous access
♦ Popular medical office location, direct access to Anne Arundel Medical Center

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All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon at HFF, L.P. via email (bcannon@hfflp.com) or by phone at (212) 632-1808.


Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Brock Cannon early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.

 

Benefits of Engaging HFF/CW In Arranging Financing Include:

  • Transparency: Continued transparency in the debt capital markets for the subject opportunity based on real time conversations HFF is having with lenders
  • Access to Property: Lender will have access to the property, post contract, to complete their diligence prior to closing
  • Financing In Place: Allows the investor to close with financing in place

 

Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.


HFF’s Debt Placement Services

As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations.  Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.

Loan Types HFF Assists With Include:

  • Fixed-rate loans
  • Construction loans
  • Forward loans
  • Tax-exempt loans
  • Floating-rate loans
  • Construction/permanent loans
  • Bridge/acquisition loans
  • Credit-tenant lease transactions

 

HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:

  • #1 Total Loan Originations
  • #1 Intermediary
  • #1 Insurance Company Originator
  • #1 Credit Company Originator
  • #1 Originator for Third Parties
  • #1 Total Direct Originations
  • #1 Seconds/Mezzanine/Preferred Equity Structures

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

116 Defense Highway

116 Defense Highway, Annapolis, MD 21401

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Medical Office
  • Property Size
  • 81,707 Sq Ft
  • Land Area
  • 4.83 Acres
  • Year Built
  • 1988
  • Number of Floors
  • 5
  • Number of Buildings
  • 1
  • Parking Count
  • 376
  • Occupancy
  • 70.00%
  • Occupancy as of
  • Jun 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lynne Zink

      c/o Fisher Auction Company Inc.

      License: #378