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3001 Washington BLVD, Arlin...

FP1 Strategies Leases 30000 Square Feet At 3001 Washington Blvd Arlington VA From KBS Real Estate
LEASED

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

Kamis O’Farrell

MGA

Broker

1 deal

Broker
KT
KBS Real Estate Investment TrustLandlord

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