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
About this deal
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.
On the Map
Office
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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