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3100 Clarendon BLVD, Arling...

Axios Media Leases 15031 Square Feet At 3100 Clarendon Blvd Arlington Landlord Piedmont Office Realty Trust
LEASED

Axios Media Leases 15031 Square Feet At 3100 Clarendon Blvd Arlington Landlord Piedmont Office Realty Trust

3100 Clarendon BLVD, Arlington, VA...

Building Size

15,031 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 3100 Clarendon Blvd, Arlington, VA. It is situated in the Arlington market and encompasses a total area of 15,031 square feet.

Summary of transaction details:

The lease agreement reflects the collaboration and negotiations between Axios Media and Piedmont Office Realty Trust, with dedicated representatives facilitating the transaction. David Alperstein and Dave Millard played key roles in representing the tenant and landlord, respectively.

Players

David Millard

Avison Young

Broker

2 deals

Broker
Piedmont Office Realty Trust
Piedmont Office Realty 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