Hyman, Phelps & McNamara, P.C. Leases 19194 Square Feet At 1101 K Street NW In Washington DC
1101 K Street Northwest
Building Size
19,194 SF
Asset Type
Office
Closing
Jul 9, 2024
AI
The property leased is an office space located at 1101 K Street Northwest in Washington, DC. It encompasses 19,194 square feet within a recently renovated Class A office building that totals 305,083 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Tenant: Hyman, Phelps & McNamara, P.C.
- Landlord's Representative: Gregory Tomasso, Elijah Barnes & Lauryn Harris - Avison Young
- Tenant's Representative: Rich Lane & Tyler Marshall - Transwestern
Hyman, Phelps & McNamara, P.C. has transitioned from their previous location at 700 13th Street NW. The representations in this transaction include Transwestern acting on behalf of the tenant and Avison Young representing the building owner.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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