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99 M St SE, Washington, DC,...

CommonGrounds Workplace Leases 44183 Square Feet At 99 M St SE From Skanska
LEASEDOffice

CommonGrounds Workplace Leases 44183 Square Feet At 99 M St SE From Skanska

99 M St SE, Washington, DC, 20003

Building Size

44,183 SF

Asset Type

Office

Closing

Jul 17, 2019

AI

The property involved in this transaction is located at 99 M St SE, Washington, DC, 20003, within the Washington market. The leased area encompasses 44,183 square feet and is occupied by CommonGrounds Workplace, with Skanska serving as the landlord.

Summary of transaction details:

This lease transaction features key representatives, including Laurent Myers from Savills and Jeffrey Langdon & Jim Suber from SREA Advisory, who represented the tenant, CommonGrounds Workplace, in the deal.

Players

Jeffrey Langdon

SREA Advisory

Broker

1 deal

Broker
Skanska
SkanskaLandlord

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