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700 K St NW, Washington, DC...

Baker Botts Leases 103300 Square Feet At 700 K St NW With Landlord The Meridian Group
LEASEDOffice

Baker Botts Leases 103300 Square Feet At 700 K St NW With Landlord The Meridian Group

700 K St NW, Washington, DC, 20001

Building Size

103,300 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this closed lease transaction is located at 700 K St NW, Washington, DC, 20001. It encompasses a total of 103,300 square feet, showcasing its suitability for commercial use within the Washington market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: Baker Botts
  • Landlord: The Meridian Group
  • Tenant's Representative: Lara Nealon - CBRE
  • Landlord's Representatives: Doug Mueller, Evan Behr - JLL

This lease transaction involved key representatives including Lara Nealon from CBRE representing Baker Botts, while Doug Mueller and Evan Behr from JLL represented The Meridian Group. Each played a crucial role in facilitating the agreement between the tenant and landlord.

Players

Doug Mueller

JLL

Broker

4 deals

Broker
TG
The Meridian GroupLandlord
BB
Baker BottsTenant

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