Le Grande Boucherie, Washoku Room, And Olio E Piu Lease Retail Space At 699 14th Street NW In Washington, DC
699 14th Street Northwest, Washington, Dc 20005
Building Size
23,581 SF
Asset Type
Retail
Closing
Jan 3, 2022
AI
Le Grande Boucherie, Washoku Room, and Olio e Piu have secured a lease for retail space at 699 14th Street NW in Washington, DC. The property spans across 23,581 square feet and is owned by Lincoln Property Company. The lease was facilitated by Meridian Retail Leasing, with Ben Biberaj, James Famularo, and Elliot Wygoda representing the tenants, and Adam Biberaj and Merrill Turnbull representing the landlord.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Asking Rent: $120/ft.
- Square Footage: 23,581
- Address: 699 14th Street NW
- Market: Washington, DC
The lease agreement was finalized on January 3, 2022. The involvement of Meridian Retail Leasing, along with their representatives Ben Biberaj, James Famularo, and Elliot Wygoda, played a crucial role in bringing together the tenants and the landlord for this retail space lease. Adam Biberaj and Merrill Turnbull, from Lincoln Property Company, represented the landlord's interests in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93