Lockheed Martin Leases Office Space At 99 M St SE In Washington
99 M St SE, Washington, DC, 20003
Building Size
20,000 SF
Asset Type
Office
Closing
Jul 1, 2020
AI
The office property located at 99 M St SE, Washington, DC, 20003, encompassing 20,000 square feet, was leased on 07/01/2020. The tenant, Lockheed Martin Corporation, entered into an agreement with the landlord, Polinger Development Co, in the Washington market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Lockheed Martin Corporation
- Tenant's Rep: Matt Sonne (JLL)
- Landlord: Polinger Development Co
- Square Feet: 20,000
Matt Sonne from JLL represented Lockheed Martin Corporation in this leasing transaction, highlighting the key individuals and their roles in finalizing 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