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1901 L Street Northwest Was...

Furniture Dealer MOI Relocates Showroom To 12,911 SF Space On L Street NW
LEASEDRetail

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

Nicole Miller

Savills

Broker

1 deal

Broker
Rockefeller Group
Rockefeller GroupLandlord

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