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Reston Metro Plaza, Reston,...

Comstock Holding Companies Secures $350M Loan For Reston Metro Plaza In Reston, VA
FINANCEDMixed-use

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

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.

Players

Bank of America
Bank of AmericaLender

Christopher Clemente

Comstock Holding Companies

Landlord

$390.2M

vol

2 deals

Landlord

Reston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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