Spaces Leases 49400 Square Feet At 1441 L St NW From S.C. Herman & Associates
1441 L St NW, Washington, DC, 20005
Building Size
49,400 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The lease property is located at 1441 L St NW, Washington, DC, 20005, within the Washington market. The leased space encompasses a total area of 49,400 square feet. The landlord for this transaction is S.C. Herman & Associates.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1441 L St NW, Washington, DC, 20005
- Market: Washington
- Landlord's Representative: Kristen Mathis - JLL, Mac Hall - Stream Realty Partners, Doug Mueller, Evan Behr - JLL
- Tenant: Spaces
This transaction involved multiple representatives from the landlord's side, reflecting a collaborative effort in finalizing the lease agreement. The tenant, Spaces, was represented during the negotiations by a professional team, ensuring a successful transaction.
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