AT&T Leases 111,000 SF Office At Stonecroft IV, Chantilly, VA From Menlo Equities
4807 Stonecroft Boulevard
$22
$22/SF
Building Size
111,000 SF
Asset Type
Office
Closing
Feb 28, 2024
AI
An office building located at 4807 Stonecroft Boulevard in Chantilly, VA, has seen a recent leasing transaction involving Menlo Equities as the landlord and AT&T as the tenant. The 111,000-square-foot property was leased by AT&T for an asking rent of $22 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4807 Stonecroft Boulevard
- Market: Chantilly, VA
- Tenant: John T. Stankey - AT&T
- Landlord: Max Sanford - Menlo Equities
- Tenant's Rep: Anne Rosenau & Marc Rosenberg - Cushman & Wakefield
- Landlord's Rep: Jeff Roman & Malcolm Schweiker - Stream Realty Partners
AT&T's lease of the 111,000-square-foot space at Stonecroft IV in Chantilly, VA, signifies a consolidation move for the company, bringing together several of its Northern Virginia locations into one centralized office within the Menlo Equities-owned property.
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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93