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11440 Commerce Park Drive R...

Updated Oct 29, 2024

Seerist Inc Leases Office Space In Reston, VA
LEASEDOffice

Seerist Inc Leases Office Space In Reston, VA

11440 Commerce Park Drive Reston, Virginia 20191, USA

$31

$31/SF

Building Size

8,395 SF

Asset Type

Office

Closing

Jul 14, 2023

About this deal

AI

Seerist Inc. has recently signed a lease for office space in Reston, VA. The property, located at 11440 Commerce Park Drive, spans a total of 8,395 square feet. The lease was finalized on July 14, 2023, with an asking rent of $31.12 per square foot. Seerist Inc. has decided to move its global headquarters from Herndon to Reston Station, Virginia, and this office space will support the company's expansion in its new location.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 11440 Commerce Park Drive
  • Market: Reston, VA
  • Tenant: Seerist Inc
  • Asking Rent: $31.12/ft
  • SF: 8,395

Seerist Inc., a leading company in its industry, has chosen to relocate its global headquarters to Reston Station, Virginia. The move signifies the company's commitment to growth and expansion in the region. With the lease of 8,395 square feet of office space at 11440 Commerce Park Drive, Seerist Inc. will have a dedicated workspace tailored to its requirements. The move will allow the company to optimize its operations and support its employees effectively.

Players

Reston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $31 per square foot on a published $31 for 8,395 square feet (2023).

Browse Virginia office leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

511709.68%

Cash-on-Cash

-146248.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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