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
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