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
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