Brown Advisory Leases 32000 SF Office Space At 1801 Pennsylvania Avenue NW
1801 Pennsylvania Avenue NW, Washi...
Building Size
32,000 SF
Asset Type
Office
Closing
Dec 16, 2021
AI
The property at 1801 Pennsylvania Avenue NW in Washington D.C. is an office space spanning 32,000 square feet. The lease for this asset was finalized on December 16, 2021. Brown Advisory, represented by Zach Boroson of JLL, will be the tenant. The landlord in this transaction is Pembroke.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Zach Boroson (JLL)
- Broker: Thomas Doughty (JLL)
- Tenant: Brown Advisory
- Landlord: Pembroke
- Square Feet: 32,000
Thomas Doughty from JLL represented the brokers in this lease transaction, working alongside Zach Boroson who represented Brown Advisory as their tenant's representative.
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