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20130 Lakeview Center Plaza...

Dan Ryan Builders Leases Office Space In Ashburn From Innovatus Capital Partners
LEASEDOffice

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

Neil Alt

Lincoln Property Company

Broker

1 deal

Broker
IP
Innovatus Capital PartnersLandlord

Dan Ryan

Tenant

$125M

vol

2 deals

Tenant

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