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909 N Washington St, Alexan...

Updated Oct 29, 2024

473 Group Leases 3019 SF Office Space In Alexandria From 5 Star Financial
LEASEDOffice

473 Group Leases 3019 SF Office Space In Alexandria From 5 Star Financial

909 N Washington St, Alexandria, VA...

Building Size

3,019 SF

Asset Type

Office

Closing

Dec 13, 2021

About this deal

AI

The property involved in this transaction is an office asset located at 909 N Washington St, Alexandria, VA. It has a total square footage of 3019 and is situated in the Alexandria market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 909 N Washington St, Alexandria, VA
  • Market: Alexandria
  • Square Feet: 3019
  • Landlord: 5 Star Financial
  • Tenant: 473 Group
  • Landlord's Representative: Scott Rabin, Todd McManus-Klnb

The transaction represents the leasing interests of 5 Star Financial, with Scott Rabin and Todd McManus-Klnb representing the landlord in this deal. The tenant involved is the 473 Group, indicating an active engagement in the office leasing market within Alexandria.

Players

Scott Rabin

Broker

3 deals

Broker

Alexandria 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

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