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1900 Reston Metro Plaza

Babel Street Leases Office Space At 1900 Reston Metro Plaza In Reston, VA
LEASEDOffice

Babel Street Leases Office Space At 1900 Reston Metro Plaza In Reston, VA

1900 Reston Metro Plaza

Building Size

10,200 SF

Asset Type

Office

Closing

May 10, 2023

AI

The office property located at 1900 Reston Metro Plaza in Reston, VA has been recently leased. The lease transaction was facilitated by brokers Jay Farmer and Chuck LaRock from JLL representing the landlord, Comstock, and the tenant, Babel Street.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Asking Rent: $44/ft.
  • Square Footage: 10,200
  • Date: 05/10/2023
  • Market: Reston, VA

The lease agreement for the property at 1900 Reston Metro Plaza marks a successful collaboration between Comstock as the landlord and Babel Street as the tenant. The deal was effectively brokered by Jay Farmer and Chuck LaRock from JLL. This lease transaction showcases the strong market demand for office space in Reston, VA.

Players

Jay Farmer

JLL

Broker

2 deals

Broker
C
ComstockLandlord

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