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1222 22nd St NW, Washington...

Perkins And Will Leases Office Space In Washington From Bernstein Management Corporation
LEASEDOffice

Perkins And Will Leases Office Space In Washington From Bernstein Management Corporation

1222 22nd St NW, Washington, DC, 2...

Building Size

14,317 SF

Asset Type

Office

Closing

Nov 1, 2019

AI

The office property located at 1222 22nd St NW in Washington, DC, boasts a spacious 14,317 square feet. This property was recently leased in a transaction dated November 1, 2019. Perkins and Will, represented by Sally Wilson of Newmark, secured the lease with the landlord, Bernstein Management Corporation, whose representative was Laurie McMahon from Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Perkins and Will
  • Tenant's Rep: Sally Wilson (Newmark)
  • Landlord: Bernstein Management Corporation
  • Landlord's Rep: Laurie McMahon (Cushman & Wakefield)
  • Address: 1222 22nd St NW, Washington, DC
  • Market: Washington
  • Square Feet: 14,317

The leasing deal for this office property signifies a successful agreement between Perkins and Will, a renowned tenant in the Washington market, and Bernstein Management Corporation, a key player in the real estate industry. Sally Wilson from Newmark and Laurie McMahon from Cushman & Wakefield played pivotal roles as the representatives for the tenant and landlord, respectively, ensuring the smooth execution of this lease transaction.

Players

Laurie McMahon

Cushman & Wakefield

Broker

1 deal

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