NeighborWorks America Leases Office Space At 1255 Union St NE, Washington
1255 Union St NE, Washington, DC, 2...
Building Size
48,000 SF
Asset Type
Office
Closing
Jan 5, 2022
About this deal
AI
The leased property located at 1255 Union St NE, Washington, DC, boasts a total of 48,000 square feet and serves as an office space. The tenant, NeighborWorks America, signed the lease agreement facilitated by Tucker Farman from JLL, representing the tenant, with Carr Properties acting as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: NeighborWorks America
- Tenant's Rep: Tucker Farman(JLL)
- Landlord: Carr Properties
- Address: 1255 Union St NE, Washington, DC
- Market: Washington
- Square Feet: 48,000
The deal involved NeighborWorks America as the tenant and Carr Properties as the landlord, with Tucker Farman from JLL representing NeighborWorks America in the lease transaction. This transaction signifies a significant agreement in the Washington office market, adding to the vibrant leasing activity in the area.
Players
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