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1201 Pennsylvania Ave NW, W...

FCA Leases 38000 Square Feet Office Space To Tenant Represented By Andy O’Brien At 1201 Pennsylvania Ave NW
LEASEDOffice

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

Andy O’Brien

JLL

Broker

3 deals

Broker
FCA
FCALandlord

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