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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: CommonGrounds Workplace
- Landlord: Skanska
- Address: 99 M St SE, Washington, DC, 20003
- Market: Washington
- Square Feet: 44,183
- Tenant's Representatives: Laurent Myers - Savills, Jeffrey Langdon & Jim Suber - SREA Advisory
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
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