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4206 Technology Ct, Chantil...

Fortis Data Leases Office Space At 4206 Technology Ct In Chantilly
LEASEDOffice

Fortis Data Leases Office Space At 4206 Technology Ct In Chantilly

4206 Technology Ct, Chantilly, VA, 20...

Building Size

13,994 SF

Asset Type

Office

Closing

Jan 21, 2022

AI

The property at 4206 Technology Ct, Chantilly, VA, boasting a total of 13,994 square feet, was leased on January 21, 2022. The transaction involved the office asset in the Chantilly market. Fortis Data Solutions was the tenant, with Larry FitzGerald of Newmark representing them. The landlord, Fortified Property Group, was represented by Scott Rabin and Todd McManus from Klnb.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 4206 Technology Ct, Chantilly, VA
  • Market: Chantilly
  • Tenant: Fortis Data Solutions
  • Tenant's Rep: Larry FitzGerald (Newmark)
  • Landlord: Fortified Property Group
  • Landlord's Rep: Scott Rabin, Todd McManus (Klnb)
  • Square Feet: 13,994

In this lease transaction, Larry FitzGerald of Newmark skillfully represented Fortis Data Solutions, securing the office space at 4206 Technology Ct. On the other side, Scott Rabin and Todd McManus from Klnb efficiently managed the negotiations on behalf of the landlord, Fortified Property Group. This deal exemplifies the collaborative efforts of the tenant and landlord representatives to facilitate a successful lease agreement.

Players

Scott Rabin

Broker

3 deals

Broker
FG
Fortified Property GroupLandlord

Chantilly 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