Interstate Hotels & Resorts Leases 35073 Square Feet At 2011 Crystal Dr Arlington VA With JBG Smith
2011 Crystal Dr, Arlington, VA, 22202
Building Size
35,073 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 2011 Crystal Dr, Arlington, VA, 22202. The total square footage of the space is 35,073 square feet. The market for this asset is Arlington.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Interstate Hotels & Resorts
- Landlord: JBG Smith
- Tenant's Representative: Matthew "Matt" Howard
- Landlord's Representative: Gary Cook-JBG Smith
This lease transaction features both landlord and tenant representatives who facilitated the agreement. Matthew "Matt" Howard represented the tenant, Interstate Hotels & Resorts, while Gary Cook from JBG Smith represented the landlord, JBG Smith.
Players
Arlington CRE Market Snapshot
Boundary boundary · CRE · 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