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99 M St SW, Washington, DC,...

Polinger Development Co Purchases Property At 99 M St SW Washington DC For $163 Million
SOLDCommercial

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

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.

Players

James Cassidy

Newmark

Broker

$1.1B

vol

13 deals

Broker
PC
Polinger Development CoBuyer

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