J.P. Morgan Investment Management Leases 34007 Square Feet At 2000 Duke St Alexandria VA
2000 Duke St, Alexandria, VA, 22314
Building Size
34,007 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a lease located at 2000 Duke St, Alexandria, VA, 22314. The space encompasses a total area of 34,007 square feet and is situated in the Alexandria market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2000 Duke St, Alexandria, VA, 22314
- Market: Alexandria
- Landlord: J.P. Morgan Investment Management
- Landlord's Representative: David Goldstein - Savills
This transaction involved key representations from David Goldstein, who acted on behalf of J.P. Morgan Investment Management in this lease agreement. The deal was facilitated by his expertise in the Alexandria market.
Players
Alexandria 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