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1620 L St NW, Washington, D...

Texas A&M University Leases 47418 Square Feet From Liberty Mutual At 1620 L St NW Washington
LEASEDOffice

Texas A&M University Leases 47418 Square Feet From Liberty Mutual At 1620 L St NW Washington

1620 L St NW, Washington, DC, 20036

Building Size

47,418 SF

Asset Type

Office

Closing

Aug 18, 2020

AI

The property asset involved in this transaction is a lease situated at 1620 L St NW, Washington, DC, 20036. This space encompasses a total area of 47,418 square feet and is located in the Washington market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 47,418
  • Address: 1620 L St NW, Washington, DC, 20036
  • Market: Washington
  • Landlord: Liberty Mutual
  • Tenant: Texas A&M University
  • Landlord's Representatives: Doug Mueller, Evan Behr - JLL

This transaction features representatives from JLL, Doug Mueller and Evan Behr, acting on behalf of Liberty Mutual, the landlord. The tenant for this lease is Texas A&M University, indicating a partnership between the educational institution and the landlord for this property location.

Players

Doug Mueller

JLL

Broker

4 deals

Broker
LM
Liberty MutualLandlord

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