CARR Properties Acquires Office Building In Washington DC From Pan American Health Organization For $23.5M
2121 Virginia Avenue Northwest
$23,500,000
$163/SF
Building Size
143,366 SF
Asset Type
Office
Closing
Nov 7, 2025
About this deal
AI
The vacant office building located at 2121 Virginia Avenue Northwest in Washington, DC, has been sold for $23.5 million. The property spans 143,366 square feet, resulting in a price per square foot of $164. The transaction occurred in the Foggy Bottom neighborhood.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,500,000
- Buyer: CARR Properties
- Seller: Pan American Health Organization
- Broker: Savills
- Sale Date: 11/07/2025
This transaction was facilitated by Savills, which acted as the broker in the sale between CARR Properties and the Pan American Health Organization, marking a significant event in the Washington, 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93