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1441 L St NW, Washington, D...

Spaces Leases 49400 Square Feet At 1441 L St NW From S.C. Herman & Associates
LEASEDOffice

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

Mac Hall

Stream Realty Partners⁠

Broker

11 deals

Broker
S
SpacesTenant

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