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
Arlington 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