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2000 Duke St, Alexandria, V...

J.P. Morgan Investment Management Leases 34007 Square Feet At 2000 Duke St Alexandria VA
LEASEDOffice

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

David Goldstein

Savills

Broker

9 deals

Broker
JLL
JLLBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseLender
J.P. Morgan Chase
J.P. Morgan ChaseLandlord

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