In-Rel Properties Acquires 2033 K Street Northwest Office For $20.5M From American Realty Advisors
2033 K Street Northwest
$20,500,000
$159/SF
Building Size
128,767 SF
Asset Type
Office
Closing
Jul 18, 2025
About this deal
AI
An office asset located at 2033 K Street Northwest in Washington, DC, has been sold for a transaction amount of $20,500,000. The property encompasses a total square footage of 128,767, resulting in a price per square foot of $159.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,500,000
- Sale Date: 07/18/2025
- Buyer: In-Rel Properties
- Seller: American Realty Advisors
In-Rel Properties has acquired the property as part of its strategy to purchase discounted assets in a down market, marking its third office transaction in the Greater Washington area within the last 18 months.
On the Map
$20,500,000
$159/SF
Office
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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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93