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901 N Glebe Rd, Arlington, ...

The Institute For Justice Leases 58285 Square Feet At 901 N Glebe Rd Arlington Virginia
LEASEDOffice

The Institute For Justice Leases 58285 Square Feet At 901 N Glebe Rd Arlington Virginia

901 N Glebe Rd, Arlington, VA, 22203

Building Size

58,285 SF

Asset Type

Office

Closing

Jan 6, 2023

AI

The property involved in this lease transaction is located at 901 N Glebe Rd, Arlington, VA, 22203. It spans an area of 58,285 square feet and is situated in the Arlington market. The landlord for this transaction is Piedmont Office Realty Trust.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 901 N Glebe Rd, Arlington, VA, 22203
  • Market: Arlington
  • Square Feet: 58,285
  • Landlord's Representative: Dave Millard-Avison Young
  • Tenant: The Institute for Justice

The key individuals in this lease transaction include the landlord's representative, Dave Millard, who is affiliated with Avison Young, and the tenant, The Institute for Justice, which is the entity leasing the space from Piedmont Office Realty Trust.

Players

David Millard

Avison Young

Broker

2 deals

Broker
Cresa
CresaBrokerage
Piedmont Office Realty Trust
Piedmont Office Realty TrustLandlord

Arlington Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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