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3077 M St NW, Washington, D...

LEASED

Showfields Leases Retail Space At 3077 M St NW Washington DC With Landlord EastBanc

3077 M St NW, Washington, DC 20007, USA & 3077 M St NW, Washington, DC 20007, USA

Building Size

19,500 SF

Asset Type

Closing

Nov 21, 2022

AI

The property asset involved in this transaction is a retail space located at 3077 M St NW, Washington, DC. The landlord for this lease is EastBanc, and the tenant is Showfields. The asking rent for the property is $175 per square foot with a total area of 19,500 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $175/ft
  • Address: 3077 M St NW
  • Market: Washington, DC
  • Landlord: EastBanc
  • Tenant: Showfields
  • Tenant's Representatives: Brandon L. Singer & Michael Cody - Retail by MONA and Brad Buslik - H&R Retail

The deal features key individuals, with Brandon L. Singer and Michael Cody representing Showfields through Retail by MONA, while Brad Buslik is also a representative through H&R Retail. These representatives facilitated the lease transaction for the retail space.

Players

E
EastBancLandlord
S
ShowfieldsTenant

Market CRE Market Snapshot

Boundary boundary · CRE · 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