PDMS Design Group Inc. Renews Office Lease At Arlington Downs Tower
2225 East Randol Mill Road
Building Size
8,653 SF
Asset Type
Office
Closing
Mar 12, 2024
About this deal
AI
The office lease transaction took place at 2225 East Randol Mill Road in Arlington. The property, known as Arlington Downs Tower, consists of 87,411 square feet and was built in 1974. Robin Rowntree of PDMS Design Group Inc renewed the lease for their 8,653-square-foot office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Robin Rowntree - PDMS Design Group Inc
- Tenant's Rep: Not disclosed
- Brokers: Erik Blais & Richmond Collinsworth - Bradford Commercial Real Estate Services
Erik Blais and Richmond Collinsworth from Bradford Commercial Real Estate Services represented the landlord in the deal, securing the lease renewal for Robin Rowntree at Arlington Downs Tower.
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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