FP1 Strategies Leases 30000 Square Feet At 3001 Washington Blvd Arlington VA From KBS Real Estate
3001 Washington BLVD, Arlington, VA...
Building Size
30,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 3001 Washington Blvd, Arlington, VA, consists of 30,000 square feet and is situated in the Arlington market. The land is leased to FP1 Strategies by KBS Real Estate Investment Trust III.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3001 Washington BLVD, Arlington, VA
- Square Feet: 30,000
- Market: Arlington
- Tenant: FP1 Strategies
- Landlord: KBS Real Estate Investment Trust III
- Tenant's Representative: Kamis O’Farrell (MGA)
Kamis O’Farrell represented the tenant, FP1 Strategies, in this leasing transaction, facilitating the agreement with the landlord, KBS Real Estate Investment Trust III. The involvement of these key individuals underscores the coordination required in commercial property lease agreements.
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