Neustar Leases 100,000 SF Office Space At Reston Metro Plaza
Reston Metro Plaza, Reston, VA, 20190
Building Size
100,000 SF
Asset Type
Office
Closing
Sep 4, 2019
AI
The transaction involves an office asset located at Reston Metro Plaza, Reston, VA, 20190, encompassing a total of 100000 square feet within the Reston market. The landlord for this property is Comstock Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: Reston Metro Plaza, Reston, VA, 20190
- Market: Reston
- Square Feet: 100000
- Tenant: Neustar
- Landlord: Comstock Partners
- Tenant's Representative: Robb Johnson - JLL
- Landlord's Representative: Timothy J. Steffan - Inc.
This transaction highlights the involvement of Robb Johnson from JLL, representing the tenant Neustar, and Timothy J. Steffan from Inc., representing the landlord Comstock Partners, signifying the collaborative efforts in executing the lease agreement.
Players
Reston 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