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

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LEASED
$75

District Of Columbia

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Retail12,911 SF
Leased 06/29/2023
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Property Image
LEASED

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

1901 L Street Northwest Washington, District Of Columbia 20036, Usa

See Similar Deals
Retail12,911 SF
Leased 06/29/2023
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Summary

Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:12,911 SF
Transaction Type:Lease

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

NM
1 deal
BROKER

LANDLORD

Details

LEASED
IMAGE: Nicole Miller DATE: 06/29/2023 ADDRESS: 1901 L Street Northwest MARKET: Washington, DC ASSET TYPE: Retail LANDLORD: Rockefeller Group & Meridian Group TENANT: MOI - Brian Alvarez BROKER: Nicole Miller - Savills ASKING RENT: $75/ft. ~ SF: 12,911 NOTE: 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.

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Deal Type
Effective Rent (Annual)

$1,110,076.09

Total Lease Value

$11,100,760.93

Net Landlord Cash Flow$1,110,076.09