Dan Ryan Builders Leases Office Space In Ashburn From Innovatus Capital Partners
20130 Lakeview Center Plaza, Ashbur...
Building Size
6,479 SF
Asset Type
Office
Closing
Nov 22, 2021
AI
The office property located at 20130 Lakeview Center Plaza in Ashburn, part of the Powers Lake market, has been leased. The asset spans 6,479 square feet and involves the tenant Dan Ryan Builders and the landlord Innovatus Capital Partners. The tenant was represented by Todd McManus from Klnb, while Neil Alt from Lincoln Property Company represented the landlord.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 20130 Lakeview Center Plaza, Ashburn
- Market: Powers Lake
- Tenant: Dan Ryan Builders
- Landlord: Innovatus Capital Partners
- Square Feet: 6,479
- Tenant's Rep: Todd McManus (Klnb)
- Landlord's Rep: Neil Alt (Lincoln Property Company)
The transaction, finalized on November 22, 2021, highlights the collaborative efforts between the tenant, Dan Ryan Builders, and the landlord, Innovatus Capital Partners, facilitated by their respective representatives, Todd McManus and Neil Alt. This lease agreement signifies a significant milestone for all parties involved, securing a strategic location in Ashburn's bustling office market.
Players
Powers Lake 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