KBS Leases School At 2303 Dulles Station Blvd In Herndon For 33102 Sq Ft
2303 Dulles Station BLVD, Herndon, V...
Building Size
33,102 SF
Asset Type
School
Closing
Aug 2, 2021
About this deal
AI
The school located at 2303 Dulles Station BLVD in Herndon, spanning 33,102 square feet, was leased on August 2, 2021. The landlord, KBS, was represented by Wesley J. Evans from Newmark, while Stephen (Steve) Hoffeditz, also from Newmark, acted as the broker in the transaction.
Summary of transation details:
- Property Type: School
- Transaction Amount: Not Applicable
- Address: 2303 Dulles Station BLVD, Herndon, VA
- Market: Herndon
In this lease agreement, Wesley J. Evans of Newmark served as the landlord's representative, ensuring the smooth execution of the deal. Stephen (Steve) Hoffeditz, also from Newmark, played a crucial role as the broker in facilitating the lease of the school property.
Players
Herndon School Market Snapshot
Boundary boundary · School · 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