University Of Maryland Leases Office Space In Arlington With Landlord JBG Smith
241 18th St S, Arlington, VA, 22202
Building Size
8,000 SF
Asset Type
Office
Closing
Aug 21, 2019
About this deal
AI
The property involved in this transaction is an office asset located at 241 18th St S, Arlington, VA, 22202. The property encompasses a total of 8,000 square feet and is situated within the Arlington market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 241 18th St S, Arlington, VA, 22202
- Square Feet: 8,000
- Tenant: University of Maryland
- Landlord: JBG Smith
- Tenant's Representative: Mike Sullivan (JLL)
This transaction involved the University of Maryland as the tenant and JBG Smith serving as the landlord, indicating a lease arrangement. The deal was facilitated by Mike Sullivan from JLL, representing the interests of the tenant in this leasing agreement.
Players
Arlington 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