Post Brothers Acquires Property In Washington DC For $228 Million With James Cassidy As Seller's Representative
SOLD
$228,000,000
Commercial
Sold 05/31/2022
SOLD
Post Brothers Acquires Property In Washington DC For $228 Million With James Cassidy As Seller's Representative
1825 Connecticut Avenue Northwest
See Similar DealsCommercial
Sold 05/31/2022
Summary
Asset Type:Commercial
Transaction Type:Sale
The property asset involved in the transaction is located at 1825 Connecticut Ave NW, Washington. The transaction occurred for a total price of $228,000,000.00. The property encompasses 0 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $228,000,000.00
- Address: 1825 Connecticut Ave NW, Washington
- Seller's Representative: James Cassidy - Newmark
- Buyer: Post Brothers
The deal features James Cassidy from Newmark acting as the representative for the seller, facilitating the transaction with the buyer, Post Brothers.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$810,035.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,080,836.32
Annual Debt Service$12,970,035.84
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