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600 13th Street Northwest

Savills Relocates D.C. Office To 600 13th Street NW In Washington, DC For 20,116 SF
LEASEDOffice

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

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:

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.

Players

Brittany Gosnell

CBRE

Broker

1 deal

Broker
Savills
SavillsTenant

Washington Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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