Comstock Holding Companies Secures $350M Loan For Reston Metro Plaza In Reston, VA
Reston Metro Plaza, Reston, VA, USA
$350,000,000
$133/SF
Building Size
2,613,600 SF
Asset Type
Mixed-use
Closing
Oct 5, 2021
About this deal
AI
The property involved in this closed transaction is a mixed-use asset located at 1900, 1902, and 1906 Reston Metro Plaza in Reston, VA. The property sits on approximately 60 acres of land.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $350,000,000
- Market: Reston, VA
- Address: 1900, 1902 & 1906 Reston Metro Plaza
The lender involved in the transaction includes blackstone''>Blackstone, DivcoWest, and Bank of America. The landlord of the property is Comstock Holding Companies, represented by Christopher Clemente. The deal was facilitated by Eastdil Secured.
On the Map
$350,000,000
$133/SF
Mixed-use
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Players
Reston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93