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7206 Old Keene Mill Road Sp...

Updated Oct 29, 2024

The Container Store Signs Lease At Springfield Plaza In Springfield, VA
LEASEDRetail

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

TS
The Container StoreTenant

Springfield Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $68 per square foot on a published $68 for 15,282 square feet (2023).

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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

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