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
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