Updated Oct 29, 2024
Polinger Development Co Purchases Property At 99 M St SW Washington DC For $163 Million
99 M St SW, Washington, DC, 20024
$163,000,000
$696/SF
Building Size
234,000 SF
Asset Type
Commercial
Closing
Feb 21, 2020
About this deal
AI
The property asset is located at 99 M St SW, Washington, DC, 20024, and was part of a sale transaction. It was sold for $163,000,000.00, encompassing a total area of 234,000 square feet in the Washington market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $163,000,000.00
- Address: 99 M St SW, Washington, DC, 20024
- Market: Washington
- Square Footage: 234,000
- Seller's Representative: James Cassidy - Newmark
- Buyer: Polinger Development Co
The deal involved key individuals and companies, with James Cassidy from Newmark representing the seller in this transaction. Polinger Development Co is the involved buyer acquiring the property.
On the Map
$163,000,000
$696/SF
Commercial
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Players
Washington 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93