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
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