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Taicoon Property Partners Acquires 1899 L Street NW Office For $26.65M

Property Image
SOLD
$26,650,000

Dc

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Office150,000 SF
Sold 04/03/2024
the dealdetailscomps
Property Image
SOLD

Taicoon Property Partners Acquires 1899 L Street NW Office For $26.65M

1899 L Street Northwest

See Similar Deals
Office150,000 SF
Sold 04/03/2024

Summary

Asset Type:Office
Price Per Square Foot:$177
Total Square Footage:150,000 SF
Transaction Type:Sale

The 12-story office building located at 1899 L Street NW in downtown DC was sold for $26,650,000. The property, constructed in the 1970s, spans over 150,000 square feet. Taicoon Property Partners acquired this office asset with Stream Realty Partners acting as the buyer's representative in the transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $26,650,000
  • Address: 1899 L Street Northwest
  • Market: Washington, DC
  • Square Footage: 150,000
  • Price per Square Foot: $178
  • Buyer: Taicoon Property Partners
  • Broker: Stream Realty Partners

Taicoon Property Partners made the significant purchase of the office building, showcasing their interest in expanding their real estate portfolio. Stream Realty Partners played a crucial role in facilitating the deal, ensuring a successful transaction for both parties involved.

Details

SOLD
IMAGE: 04/03/2024 ADDRESS: 1899 L Street Northwest MARKET: Washington, DC ASSET TYPE: Office BUYER: Taicoon Property Partners BROKER: Stream Realty Partners SALE PRICE: $26,650,000 SF: 150,000 ~ PPSF: $178 NOTE: Taicoon Property Partners purchased the 12-story office building at 1899 L Street NW in downtown DC for $26,650,000. Constructed in the 1970s, the property spans over 150,000 square feet, with Stream Realty Partners representing the purchaser in the transaction.

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