Showfields Signs Lease For Retail Space At 3077 M St NW In Washington, DC
3077 M Street Northwest, Washington, District Of Columbia 20007, United States
$175
$175/SF
Building Size
19,500 SF
Asset Type
Retail
Closing
Oct 3, 2022
AI
The retail property located at 3077 M St NW in Washington, DC has been leased. The lease transaction was completed on 10/03/2022, and the property is owned by EastBanc. Showfields, a tenant, has secured the lease for this retail space. The tenant's representatives in this deal are Brandon L. Singer and Michael Cody from Retail by MONA, and Brad Buslik from H&R Retail. The asking rent for the space was $175 per square foot, and the total area is 19,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable in a lease transaction
- Address: 3077 M St NW, Washington, DC
- Market: Washington, DC
- Landlord: EastBanc
- Tenant: Showfields
- Tenant's Representatives: Brandon L. Singer and Michael Cody from Retail by MONA, and Brad Buslik from H&R Retail
- Asking Rent: $175/ft.
- Total Area: 19,500 square feet
The lease of the retail space at 3077 M St NW involved EastBanc as the landlord and Showfields as the tenant. The tenant's representatives in this deal were Brandon L. Singer and Michael Cody from Retail by MONA, and Brad Buslik from H&R Retail. The lease was secured with an asking rent of $175 per square foot for a total area of 19,500 square feet.
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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93