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CARR Properties Acquires Office Building In Washington DC From Pan American Health Organization For $23.5M
SOLD
$23,500,000
Office143,366 SF
Sold 11/07/2025
SOLD
CARR Properties Acquires Office Building In Washington DC From Pan American Health Organization For $23.5M
2121 Virginia Avenue Northwest
See Similar DealsOffice143,366 SF
Sold 11/07/2025
Summary
Asset Type:Office
Price Per Square Foot:$163
Total Square Footage:143,366 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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