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2001 K St NW, Washington, D...

Bates White Leases 84325 Square Feet At 2001 K St NW From Spitzer Enterprises
LEASEDOffice

Bates White Leases 84325 Square Feet At 2001 K St NW From Spitzer Enterprises

2001 K St NW, Washington, DC, 20006

Building Size

84,325 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this lease transaction is located at 2001 K St NW, Washington, DC, 20006. This asset comprises a total square footage of 84,325. It operates within the Washington market, specifically catering to corporate tenants.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 2001 K St NW, Washington, DC, 20006
  • Square Feet: 84,325
  • Tenant: Bates White
  • Landlord: Spitzer Enterprises
  • Tenant's Representative: Kevin Howard-CBRE
  • Landlord's Representative: Greg Tomasso-Avison Young

This lease transaction features Bates White as the tenant, with Spitzer Enterprises acting as the landlord. Kevin Howard from CBRE represents the tenant, while Greg Tomasso from Avison Young represents the landlord in this deal.

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