AT&T Leases 111,000 SF Office At Stonecroft IV, Chantilly, VA From Menlo Equities
4807 Stonecroft Boulevard
Building Size
111,000 SF
Asset Type
Office
Closing
Feb 28, 2024
About this deal
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.
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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