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
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