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Reston Metro Plaza, Reston,...

Neustar Leases 100,000 SF Office Space At Reston Metro Plaza
LEASEDOffice

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

Robb Johnson

JLL

Broker

2 deals

Broker
CP
Comstock PartnersLandlord

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