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1101 New York Avenue Northw...

Allen & Overy Signs Office Lease At 1101 New York Avenue NW In Washington, D.C
LEASEDOffice

Allen & Overy Signs Office Lease At 1101 New York Avenue NW In Washington, D.C

1101 New York Avenue Northwest, Washington, District Of Columbia 20001, United States

Building Size

10,114 SF

Asset Type

Office

Closing

Nov 18, 2022

AI

The office property located at 1101 New York Avenue NW in Washington, D.C. has been leased. The landlord of the property is Oxford Properties and Norges Bank Investment Management. The tenant who has secured the lease is Allen & Overy. The leasing transaction was facilitated by Matt Pacinelli, Kyle Luby, and John Klinke from Stream Realty, representing the landlord, and Tom Fulcher, Julie Rayfield, and Adam Brecher, representing the tenant. The total square footage of the leased space is 10,114 square feet. The asking rent for the lease is $60 per square foot.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not available
  • Market: Washington, D.C.
  • Landlord: Oxford Properties and Norges Bank Investment Management
  • Tenant: Allen & Overy
  • Landlord's Representative: Matt Pacinelli, Kyle Luby, and John Klinke - Stream Realty
  • Tenant's Representative: Tom Fulcher, Julie Rayfield, and Adam Brecher
  • Asking Rent: $60 per square foot
  • Square Footage: 10,114

Players

Matt Pacinelli

Stream Realty Partners⁠

Broker

$16.3M

vol

4 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage
Oxford Properties Group
Oxford Properties GroupLandlord
AO
Allen & OveryTenant

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