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
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