Post Brothers Acquires Property In Washington DC For $228 Million With James Cassidy As Seller's Representative
1825 Connecticut Avenue Northwest
$228,000,000
Building Size
—
Asset Type
Commercial
Closing
May 31, 2022
AI
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
Market Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93