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11720 Plaza America Dr, Her...

Resonate Networks Leases 16830 Square Feet At 11720 Plaza America Dr Herndon VA From Atlantic Realty
LEASEDOffice

Resonate Networks Leases 16830 Square Feet At 11720 Plaza America Dr Herndon VA From Atlantic Realty

11720 Plaza America Dr, Herndon, VA...

Building Size

16,830 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

A lease transaction has occurred for a property located at 11720 Plaza America Dr, Herndon, VA, within the Reston market. The leased space spans 16,830 square feet. The landlord for this transaction is Atlantic Realty.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 11720 Plaza America Dr, Herndon, VA
  • Market: Reston
  • Landlord's Representative: Caroline Bour - CBRE
  • Tenant: Resonate Networks

The transaction involves key representatives including Caroline Bour, who represents the landlord, Atlantic Realty, in the lease agreement with the tenant, Resonate Networks. This highlights the roles of the involved parties in facilitating the leasing process.

Players

Caroline Bour

CBRE

Broker

3 deals

Broker

Reston Office Market Snapshot

Boundary boundary · Office · 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