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Columbia Office Portfolio Trades at High 7, Low 8 Cap Rate

Goldman Sachs sold the four office buildings to CSG Partners.

By Erika Morphy | erikamorphy | Updated on August 10, 2017

Property in Lakeview portfolio

COLUMBIA, MD–CSG Partners of Windsor Mill has acquired a four-building office portfolio from Goldman Sachs for $30.1 million. The portfolio was 82% leased and traded at a high 7, low 8 all-in cap rate, according to Graham Savage of Cushman & Wakefield. Savage and Jonathan Carpenter represented the seller in the transaction.

“The pricing was fantastic for this market,” Savage tells GlobeSt.com. “We had a strong response for this value add opportunity. “The high 7s, low 8s for the cap rate and $140 per square foot is where you want to transact for this submarket.”

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