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899 N Capitol St NE, Washin...

General Services Administration Signs Lease At 899 N Capitol St NE, Washington
LEASEDOffice

General Services Administration Signs Lease At 899 N Capitol St NE, Washington

899 N Capitol St NE, Washington, DC...

Building Size

55,000 SF

Asset Type

Office

Closing

Oct 7, 2021

AI

The property asset involved in this transaction is an office space located at 899 N Capitol St NE, Washington, DC. The total square footage of the property is 55,000 square feet and it is situated in the Washington market.

Summary of transaction details:

This lease transaction was completed on 10/07/2021, highlighting the involvement of USAA Real Estate as the landlord and the General Services Administration as the tenant. The leasing process was facilitated by Scott Johnston from Cushman & Wakefield, acting as the representative for the landlord in this deal.

Players

Scott Johnston

Cushman & Wakefield

Broker

$45M

vol

2 deals

Broker
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord

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