Bates White Leases 84325 Square Feet At 2000 L St NW With Tenant's Rep Kevin Howard
2000 L St NW, Washington, DC, 20036
Building Size
84,325 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 2000 L St NW, Washington, DC, 20036. It encompasses a total of 84,325 square feet and is situated in the Washington market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 84,325
- Tenant: Bates White
- Landlord: Spitzer Enterprises
- Tenant's Representative: Kevin Howard-CBRE
- Landlord's Representative: Greg Tomasso-Avison Young
This transaction involved key participants, including Bates White as the tenant and Spitzer Enterprises as the landlord. The representation for the tenant was provided by Kevin Howard from CBRE, whereas the landlord was represented by Greg Tomasso from Avison Young.
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