The Container Store Signs Lease At Springfield Plaza In Springfield, VA
7206 Old Keene Mill Road Springfield, Virginia 22150, USA
$68
$68/SF
Building Size
15,282 SF
Asset Type
Retail
Closing
Jul 18, 2023
About this deal
AI
A 15,282-square-foot lease has been signed at Springfield Plaza in Springfield, VA. The property, located at 7206 Old Keene Mill Rd, is a retail space offered by Rappaport - Henry Fonvielle. The asking rent for the space is $68.05/ft. The lease agreement was made between the landlord and the tenant, The Container Store.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 7206 Old Keene Mill Rd, Springfield, VA
- Market: Springfield, VA
- Landlord: Rappaport - Henry Fonvielle
- Tenant: The Container Store
- Asking Rent: $68.05/ft
- Square Footage: 15,282
The Container Store is expected to open its specialty storage and home organization products store in the summer of 2024. It will join other anchor tenants such as Trader Joe's and CVS Pharmacy at Springfield Plaza.
Players
Springfield Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93