Duball Acquires Office Building From Tom Elghanayan Of TF Cornerstone For $23.1M In Washington DC

The property asset involved in the transaction is an office building located at 1090 Vermont Avenue Northwest in Washington, DC. The sale price for this asset was $23,100,000. The building encompasses a total square footage of 160,000 and has a price per square foot of $144.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $23,100,000
• Buyer: Duball
• Seller: Tom Elghanayan - TF Cornerstone
• Square Footage: 160,000
• Price per Square Foot: $144

This transaction was executed with the intention of converting the office space into 150 residential units alongside 6,800 square feet of ground-floor retail. The seller, Tom Elghanayan, is associated with TF Cornerstone, which was responsible for the previous ownership of the property.