Furniture Dealer MOI Relocates Showroom To 12,911 SF Space On L Street NW
1901 L Street Northwest Washington, District Of Columbia 20036, Usa
$75
$75/SF
Building Size
12,911 SF
Asset Type
Retail
Closing
Jun 29, 2023
AI
Furniture dealer MOI is set to relocate its showroom in Washington, D.C.'s Central Business District to a 12,911-square-foot space on the second floor of 1901 L Street NW. The property, owned by Rockefeller Group and Meridian Group, is a retail asset located in the vibrant Washington market. The asking rent for the space is $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 1901 L Street Northwest
- Market: Washington, DC
- Landlord: Rockefeller Group & Meridian Group
- Tenant: MOI - Brian Alvarez
- Broker: Nicole Miller - Savills
MOI's relocation showcases their commitment to expanding their business presence in the prime location of Washington, D.C.'s Central Business District. This move to a 12,911-square-foot space on the second floor of 1901 L Street NW will provide the company with increased visibility and accessibility to their clientele in the retail sector.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93