Eastbanc Inc. Leases Retail Space To Aerie On M St NW, Washington
3235 M St NW, Washington, DC, 20007
Building Size
7,700 SF
Asset Type
Retail
Closing
Jul 15, 2021
About this deal
AI
The retail property located at 3235 M St NW, Washington, DC, 20007, in the Washington market, was leased on July 15, 2021. The asset spans 7,700 square feet and the landlord of the property is Eastbanc Inc. The tenant, Aerie, was represented by Steven Stern from American Eagle Outfitters.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 3235 M St NW, Washington, DC, 20007
- Market: Washington
- Square Feet: 7700
- Tenant: Aerie
- Tenant's Rep: Steven Stern (American Eagle Outfitters)
- Landlord: Eastbanc Inc.
The deal involved Steven Stern from American Eagle Outfitters representing the tenant, Aerie, in the leasing transaction with Eastbanc Inc. as the landlord.
On the Map
Retail
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Players
Washington Retail Market Snapshot
Boundary boundary · Retail · 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