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
About this deal
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.
On the Map
$38,300,000
$212/SF
Office
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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