Vieron Capital Purchases Office Complex From BXP In Washington DC For $66.8M
1615 M Street Northwest & 1215 17th Street Northwest
$66,800,000
Building Size
—
Asset Type
Office
Closing
Aug 28, 2026
About this deal
AI
This transaction involves a leasehold interest in a three-building office complex known as Sumner Square, located at 1615 M Street Northwest, 1625 M Street Northwest, and 1215 17th Street Northeast in Washington, DC. The market value of this property is $66,800,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $66,800,000
- Buyer: Benjamin Goldfield - Vieron Capital
- Seller: Owen D. Thomas - BXP
- Loan Amount: $31,000,000 from Bank of America
The transaction indicates a significant investment in the Washington, DC market, with Vieron Capital actively acquiring the property. The deal highlights the involvement of key individuals, Benjamin Goldfield representing the buyer and Owen D. Thomas representing the seller in this acquisition process.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93