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999 N Capitol St NE, Washin...

General Service Administration’s Office Of Justice Programs Leases 162000 Square Feet From USAA Real Estate
LEASEDOffice

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

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

Henry Chapman

CBRE

Broker

2 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord

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