Harbor Group International Provides $38.3M Loan To Kairos Investment For Office Renovation In DC
1250 Interstate Street Northwest
$38,300,000
$212/SF
Building Size
180,000 SF
Asset Type
Office
Closing
Jul 16, 2025
AI
The property asset involved is an office building located at 1250 Interstate Street Northwest in Washington, DC, encompassing a total square footage of 180,000. The asset has undergone refinancing and will be renovated to enhance amenities, common areas, and leasing features.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $38,300,000
- Lender: Harbor Group International
- Landlord: Kairos Investment Management
- Market: Washington, DC
The transaction features Harbor Group affiliates providing a substantial loan to Kairos Investment, facilitating the improvements at the specified office location, enhancing its overall functionality and appeal in the competitive market.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93