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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Axios Media
- Landlord: Piedmont Office Realty Trust
- Tenant's Representative: David Alperstein - Wharton Property Advisors
- Landlord's Representative: Dave Millard - Avison Young
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
Arlington CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
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