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699 14th Street Northwest, ...

Le Grande Boucherie, Washoku Room, And Olio E Piu Lease Retail Space At 699 14th Street NW In Washington, DC
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

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