FCA Leases 18323 Square Feet At 1616 P St NW To Tenant Represented By Eric Weston And John Danziger
1616 P St NW, Washington, DC, 20036
Building Size
18,323 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 1616 P St NW, Washington, DC, 20036, in the Washington market. It comprises a total area of 18,323 square feet and is under the ownership of FCA.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not Specified
- Address: 1616 P St NW, Washington, DC, 20036
- Market: Washington
- Square Feet: 18,323
- Landlord: FCA
- Tenant's Representative: Eric Weston, John Danziger - Lane & Schlager Realty Advisors
The key individuals involved in this transaction include Eric Weston and John Danziger, who represent the tenant in the deal through Lane & Schlager Realty Advisors.
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