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99 M St SE, Washington, DC,...

IAM National Pension Fund Leases 44286 Square Feet At 99 M St SE Washington DC From Skanska
LEASED

IAM National Pension Fund Leases 44286 Square Feet At 99 M St SE Washington DC From Skanska

99 M St SE, Washington, DC, 20003

Building Size

44,286 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 99 M St SE, Washington, DC, 20003. It has a total area of 44,286 square feet and is situated in the Washington market. The landlord for this lease transaction is Skanska.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 44286
  • Tenant: IAM National Pension Fund
  • Tenant's Representative: Manny Fitzgerald, CBRE
  • Landlord: Skanska

This transaction highlights the involvement of key representatives in the deal. Manny Fitzgerald of CBRE represented the tenant, IAM National Pension Fund, illustrating the role of brokerage firms in facilitating lease agreements.

Players

Manny Fitzgerald

CBRE

Broker

$29.3M

vol

3 deals

Broker
Skanska
SkanskaLandlord

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