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663 Water St SW, Washington...

Kilwins Chocolates & Ice Cream Leases 1115 Square Feet At 663 Water St SW Washington DC
LEASED

Kilwins Chocolates & Ice Cream Leases 1115 Square Feet At 663 Water St SW Washington DC

663 Water St SW, Washington, DC, 20...

Building Size

1,115 SF

Asset Type

Closing

Jan 13, 2022

AI

The property involved in this transaction is located at 663 Water St SW, Washington, DC. It encompasses a total of 1,115 square feet and is situated in the Washington market. The landlord for this lease is Hoffman Madison Waterfront.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 663 Water St SW, Washington, DC
  • Market: Washington
  • Square Feet: 1115
  • Landlord: Hoffman Madison Waterfront
  • Tenant: Kilwins Chocolates & Ice Cream
  • Landlord's Representative: John Asadoorian-Asadoorian Retail Solutions

The deal features Kilwins Chocolates & Ice Cream as the tenant, indicating a retail presence in this notable location. The representative for the landlord in this lease transaction is John Asadoorian from Asadoorian Retail Solutions, who facilitated the agreement.

Players

John Asadoorian

Asadoorian Retail Solutions

Broker

4 deals

Broker
W
WaterfrontLandlord

Washington 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