The State Department Leases 343000 Square Feet At 1200 Wilson Blvd Arlington With Monday Properties
1200 Wilson BLVD, Arlington, VA 22209, USA
Building Size
343,000 SF
Asset Type
Office
Closing
Jul 21, 2017
AI
The lease involves a property located at 1200 Wilson Blvd, Arlington, VA, in the Arlington market. The total square footage of the property is 343,000. The State Department is the tenant for this property as part of a long-term lease renewal agreement with the landlord, Monday Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1200 Wilson Blvd, Arlington, VA
- Market: Arlington
- Tenant: The State Department
- Landlord: Monday Properties
- Tenant's Representative: Henry Chapman-CBRE
- Landlord's Representatives: Chad Habeeb-FD Stonewater, Joe Delogu-FD Stonewater, John Wharton-Monday Properties
- Square Feet: 343,000
The State Department is renewing its lease at 1701 North Fort Myer Drive and 1200 Wilson Blvd., increasing its footprint by 57,000 square feet. As part of the deal, a secured, above-grade connector will be constructed to link the two building lobbies, enhancing the properties into a unified campus. Key individuals involved include Tim Helmig and John Wharton from Monday Properties, and Joe Delogu and Chad Habeeb from FD Stonewater, along with CBRE's Henry Chapman and Sarah Dunstan representing the government.
Players
Arlington 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