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
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