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1101 K Street Northwest

Hyman, Phelps & McNamara, P.C. Leases 19194 Square Feet At 1101 K Street NW In Washington DC
LEASEDOffice

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:

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

Lauryn Harris

Avison Young

Broker

2 deals

Broker

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