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99 Market Square SW, Washin...

Knead Hospitality Leases Office Space At 99 Market Square SW, Washington DC
LEASEDOffice

Knead Hospitality Leases Office Space At 99 Market Square SW, Washington DC

99 Market Square SW, Washington, D...

Building Size

5,400 SF

Asset Type

Office

Closing

Dec 11, 2018

AI

The property at 99 Market Square SW, Washington, D... is an office space spanning 5400 square feet. The lease for this space was finalized on 12/11/2018 with Knead Hospitality + Design as the tenant and PN Hoffman as the landlord. The tenant's representative in this transaction was Nicholas Papadopoulos from Papadopoulos Properties.

Summary of transaction details:

The involvement of Nicholas Papadopoulos as the tenant's representative from Papadopoulos Properties played a key role in facilitating the lease agreement between Knead Hospitality + Design and PN Hoffman. This business deal brings together two notable players in the real estate industry operating within the vibrant market of Washington, D.C.

Players

Nicholas Papadopoulos

Papadopoulos Properties

Broker

2 deals

Broker

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