Air Traffic Control Association Leases Office Space At 225 Reinekers Ln, Alexandria
225 Reinekers Ln, Alexandria, VA, 223...
Building Size
6,374 SF
Asset Type
Office
Closing
Oct 14, 2019
AI
The office property located at 225 Reinekers Ln, Alexandria, VA, 223... has been leased by Air Traffic Control Association, with EQ Office serving as the landlord. The space measures 6,374 square feet in total.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Date: 10/14/2019
- Address: 225 Reinekers Ln, Alexandria, VA, 223...
- Market: Alexandria
- Tenant: Air Traffic Control Association
- Landlord: EQ Office
- Square Feet: 6374
- Tenant's REP: Not Applicable
- Landlord's REP: Manny Fitzgerald - CBRE
Manny Fitzgerald from CBRE acted as the landlord's representative in the leasing transaction, facilitating the deal between Air Traffic Control Association and EQ Office. This collaboration underscores the importance of experienced brokers in successful property agreements.
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