Updated Dec 4, 2024
Opportunity Finance Network Leases Office Space At 370 L'Enfant Plaza SW
370 l'Enfant Plaza SW, Washington, D...
Building Size
11,000 SF
Asset Type
Office
Closing
May 29, 2019
About this deal
AI
The property at 370 l'Enfant Plaza SW, Washington, D... is an office asset with a total of 11,000 square feet. The lease for this property was finalized on May 29, 2019. The tenant, Opportunity Finance Network, will be occupying this office space. The lease was negotiated with the assistance of Taylor Manning from JLL, representing the tenant, while Meadow Partners is the landlord. This office asset is located in the Palouse market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Opportunity Finance Network
- Tenant's Rep: Taylor Manning(JLL)
- Landlord: Meadow Partners
- Address: 370 l'Enfant Plaza SW, Washington, D...
- Market: Palouse
- Square Feet: 11,000
The involvement of Taylor Manning from JLL as the tenant's representative in this lease transaction highlights the role of real estate professionals in facilitating such deals. The collaboration between Opportunity Finance Network and Meadow Partners showcases the cooperation between tenant and landlord in securing suitable office space in the Palouse market.
Players
Palouse 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