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
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