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
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