General Service Administration’s Office Of Justice Programs Leases 162000 Square Feet From USAA Real Estate
999 N Capitol St NE, Washington, DC...
Building Size
162,000 SF
Asset Type
Office
Closing
Dec 16, 2021
About this deal
AI
The property involved in this lease transaction is located at 999 N Capitol St NE, Washington, DC. The leased space encompasses a total of 162,000 square feet. The market for this property is Washington, making it a strategic location for its tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: General Service Administration’s Office of Justice Programs
- Landlord: USAA Real Estate
- Tenant's Representative: Henry Chapman - CBRE
This transaction features Henry Chapman, who represents the General Service Administration’s Office of Justice Programs in the leasing agreement. The involvement of USAA Real Estate as the landlord indicates a commitment to providing suitable space for government operations within the Washington market.
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