Michael J. Darby Of Monument Realty & 7K Investments Acquires Office Building In Washington For $37.5M
1775 Pennsylvania Avenue Northwest
$37,500,000
$234/SF
Building Size
160,000 SF
Asset Type
Office
Closing
Sep 3, 2026
About this deal
AI
The office asset located at 1775 Pennsylvania Avenue Northwest, in the Washington, DC market, was sold for $37,500,000. This building encompasses a total area of 160,000 square feet, resulting in a price per square foot of $234.38.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,500,000
- Buyer: Michael J. Darby - Monument Realty & 7K Investments
- Seller: Tishman Speyer affiliate
- Loan Amount: $52,000,000 from Harbor Group International
Michael J. Darby represents Monument Realty & 7K Investments in this acquisition of the office property, which was previously owned by a Tishman Speyer affiliate, indicating a strategic investment in the DC real estate market.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93