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21000 Atlantic BLVD, Sterli...

Updated Oct 29, 2024

Sallie Mae Leases Office Space At 21000 Atlantic Blvd, Sterling, VA
LEASEDOffice

Sallie Mae Leases Office Space At 21000 Atlantic Blvd, Sterling, VA

21000 Atlantic BLVD, Sterling, VA, 20...

Building Size

27,000 SF

Asset Type

Office

Closing

Jun 26, 2019

About this deal

AI

The office property located at 21000 Atlantic Blvd in Sterling, VA, spanning 27,000 square feet, was leased on June 26, 2019. The landlord, Lerner Enterprises, finalized the deal with the tenant, Sallie Mae, represented by Robert Shue of JLL.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Market: Sterling
  • Tenant: Sallie Mae
  • Tenant's Rep: Robert Shue (JLL)
  • Landlord: Lerner Enterprises
  • Square Feet: 27,000

This lease agreement brought together the tenant, Sallie Mae, a prominent entity in the education financing sector, and the landlord, Lerner Enterprises, a renowned real estate development firm based in the Sterling market. The deal was facilitated by Robert Shue from JLL, who served as the dedicated representative for Sallie Mae in this transaction.

Players

Robert Shue

JLL

Broker

1 deal

Broker
LE
Lerner EnterprisesLandlord

Sterling 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

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