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225 Reinekers Ln, Alexandri...

Air Traffic Control Association Leases Office Space At 225 Reinekers Ln, Alexandria
LEASEDOffice

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

Manny Fitzgerald

CBRE

Broker

$29.3M

vol

3 deals

Broker
EO
EQ OfficeLandlord

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