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370 l'Enfant Plaza SW, Wash...

Updated Dec 4, 2024

Opportunity Finance Network Leases Office Space At 370 L'Enfant Plaza SW
LEASEDOffice

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

Taylor Manning

JLL

Broker

1 deal

Broker
Meadow Partners
Meadow PartnersLender
Meadow Partners
Meadow PartnersLandlord

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

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