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1100 15th Street Northwest

Freshfields Signs Long-Term Lease For 117,000 SF At Carr Properties' Midtown Center In D.C
LEASEDOffice

Freshfields Signs Long-Term Lease For 117,000 SF At Carr Properties' Midtown Center In D.C

1100 15th Street Northwest

Building Size

117,000 SF

Asset Type

Office

Closing

Feb 6, 2025

AI

The property asset involved in the transaction is located at 1100 15th Street Northwest in Washington, DC. This office space encompasses 117,000 square feet and is part of Carr Properties’ Midtown Center. Freshfields has signed a long-term lease for this space, moving from their previous location at 700 13th St. NW, where they occupied 52,000 square feet.

Summary of transaction details:

This transaction involves multiple key individuals and companies, with CBRE representing both parties in the deal. Carr Properties also provided in-house representation throughout the leasing process for Freshfields.

Players

Amy Bowser

CBRE

Broker

1 deal

Broker
Carr Properties
Carr PropertiesBrokerage

Washington Office Market Snapshot

Boundary boundary · Office · 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