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2121 Virginia Avenue Northwest

Updated Nov 13, 2025

CARR Properties Acquires Office Building In Washington DC From Pan American Health Organization For $23.5M
SOLDOffice

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

Savills
SavillsBrokerage

Washington Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $163 per square foot on a published $23.5M for 143,366 square feet (2025).

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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

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