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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 899 N Capitol St NE, Washington, DC
- Landlord: USAA Real Estate
- Tenant: General Services Administration
- Landlord's Representative: Scott Johnston - Cushman & Wakefield
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
Washington Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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