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1801 Pennsylvania Avenue NW...

Brown Advisory Leases 32000 SF Office Space At 1801 Pennsylvania Avenue NW
LEASEDOffice

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

Thomas Doughty

JLL

Broker

1 deal

Broker
P
PembrokeLandlord
BA
Brown AdvisoryTenant

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