Wells Fargo And Helaba Refinance $240M Loan For 1.2M SF Office Property In Vienna, VA
1921 Gallows Road
$240,000,000
$200/SF
Building Size
1,200,000 SF
Asset Type
Office
Closing
Dec 15, 2022
About this deal
AI
The property involved in the transaction is an office space located at 1921 Gallows Road in Vienna, VA. It spans over an area of 1,200,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $240,000,000
- Lender: Wells Fargo / Helaba
- Landlord: Rockpoint
- Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
The loan, amounting to $240,000,000, was obtained from Wells Fargo / Helaba for the purpose of refinancing the property. The transaction was facilitated by brokers Jordan Roeschlaub and Dustin Stolly from Newmark. Additional individuals involved in the deal include Keith Gelb, Bill Walton, Thomas Gross, and Charles Scharf.
Players
Vienna Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93