Savills Relocates D.C. Office To 600 13th Street NW In Washington, DC For 20,116 SF
600 13th Street Northwest
Building Size
20,116 SF
Asset Type
Office
Closing
May 8, 2025
About this deal
AI
The property asset involved in this transaction is an office space located at 600 13th Street Northwest, Washington, DC, comprising a total of 20,116 square feet. The lease date for this transaction is set for May 8, 2025. The landlord of this property is Union Investments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 600 13th Street Northwest
- Market: Washington, DC
- Landlord: Union Investments
- Tenant: Jon Glass & Amy Kaufman Brendler - Savills
- Brokers: Brittany Gosnell, Lara Nealon, Phillip Thomas & Joe Coleman - CBRE
This lease reflects Savills' intention to relocate its D.C. office to the new space, achieving a downsizing of approximately 20% from its previous location, which is situated just one block away.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93