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2000 L St NW, Washington, D...

Bates White Leases 84325 Square Feet At 2000 L St NW With Tenant's Rep Kevin Howard
LEASEDOffice

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

Gregory Tomasso

Avison Young

Broker

3 deals

Broker
SE
Spitzer EnterprisesLandlord

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