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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not Specified
- Tenants' Representative: Nicholas Papadopoulos (Papadopoulos Properties)
- Tenant: Knead Hospitality + Design
- Landlord: PN Hoffman
- Square Feet: 5400
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.
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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