Updated Feb 28, 2025
LaSalle Investment Management Leases 18461 Square Feet To Primrose Schools In Arlington
2461 S Clark St, Arlington, VA, 22202
Building Size
18,461 SF
Asset Type
Commercial
Closing
Oct 14, 2021
About this deal
AI
The lease involved a property located at 2461 S Clark St, Arlington, VA, 22202, within the Arlington market. The total square footage of the leased space is 18,461 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: LaSalle Investment Management
- Tenant: Primrose Schools
- Landlord's Representative: Dallon L. Cheney-KLNB
This transaction involves Primrose Schools as the tenant and was brokered with representation from Dallon L. Cheney of KLNB acting on behalf of LaSalle Investment Management, the landlord.
Players
Arlington Commercial Market Snapshot
Boundary boundary · Commercial · 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