Washington Housing Initiative Impact Pool Acquires Property In Washington For $135M With Seller's Rep Martha Hastings
151 Q St NE, Washington, DC, 20002
$135,000,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The transaction involved a property located at 151 Q St NE, Washington, DC, 20002. It was sold for a total price of $135,000,000.00, with the specifics detailing a square footage of 0, indicating a different type of asset or development potential.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $135,000,000.00
- Address: 151 Q St NE, Washington, DC, 20002
- Market: Washington
- Seller: Undisclosed
- Buyer: Washington Housing Initiative Impact Pool
- Seller's Representative: Martha Hastings (CBRE)
This transaction highlights the involvement of key individuals, with Martha Hastings from CBRE representing the seller in the deal. The buyer for this transaction is the Washington Housing Initiative Impact Pool, indicating a focus on housing initiatives within the Washington market.
On the Map
$135,000,000
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Players
Washington CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93