FCA Leases 38000 Square Feet Office Space To Tenant Represented By Andy O’Brien At 1201 Pennsylvania Ave NW
1201 Pennsylvania Ave NW, Washingt...
Building Size
38,000 SF
Asset Type
Office
Closing
Jun 22, 2017
AI
FiscalNote has signed a deal to occupy 38,000 square feet at 1201 Pennsylvania Ave NW, Washington, D.C. The lease allows FiscalNote to remain in the District for the next 10 years, expanding its footprint from its current 21,000 square feet at One Thomas Circle.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1201 Pennsylvania Ave NW, Washington, D.C.
- Square Feet: 38,000
- Tenant's Representative: Andy O’Brien (JLL)
- Landlord: FCA
- Tenant: FiscalNote
JLL's Andy O'Brien and Bobby Blair represent FiscalNote in this transaction. FiscalNote, a technology company that processes legislative data, has been in operation since June 2013 and has grown its workforce to 53 employees in Washington, D.C. The company is also working on internship and apprenticeship programs specifically targeting D.C. residents.
Players
Market Office Market Snapshot
Boundary boundary · Office · 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