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2001 L St NW, Washington, D...

Premier Workspaces Leases 17178 SF Office Space At 2001 L St NW, Washington
LEASEDOffice

Premier Workspaces Leases 17178 SF Office Space At 2001 L St NW, Washington

2001 L St NW, Washington, DC, 20036

Building Size

17,178 SF

Asset Type

Office

Closing

Jul 26, 2019

AI

The office property located at 2001 L St NW, Washington, DC, 20036, in the Washington market, was leased on July 26, 2019. The property, spanning 17,178 square feet, was leased by Premier Workspaces from the landlord, LaSalle Investment Management. Susan Thomas from Touchstone Webb represented the tenant, while Mark Wooters from Cushman & Wakefield represented the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant's Rep: Susan Thomas (Touchstone Webb)
  • Landlord's Rep: Mark Wooters (Cushman & Wakefield)
  • Tenant: Premier Workspaces
  • Landlord: LaSalle Investment Management
  • Square Feet: 17,178

The deal involved the leasing of the office property by Premier Workspaces, with Susan Thomas from Touchstone Webb representing the tenant, while Mark Wooters from Cushman & Wakefield acted as the landlord's representative. LaSalle Investment Management, the landlord, facilitated the lease transaction for the 17,178 square feet of office space in Washington, DC.

Players

Susan Thomas

Touchstone Webb

Broker

$18.8M

vol

2 deals

Broker
JLL
JLLBrokerage
JLL
JLLLandlord

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