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3077 M Street Northwest, Wa...

Showfields Signs Lease For Retail Space At 3077 M St NW In Washington, DC
LEASEDRetail

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
E
EastBancLandlord
S
ShowfieldsTenant

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