John Mason Of Garfield Investments Acquires Office Building In Washington DC For $28M

The property involved in this transaction is an office asset located at 300 M Street Southeast in Washington, DC. The eight-story building has a total square footage of 285,000 and was sold for a transaction amount of $28,000,000, which translates to a price per square foot of $98. This sale occurred despite the property’s assessed value being $82.9 million for the year 2026.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $28,000,000
• Address: 300 M Street Southeast
• Market: Washington, DC
• Square Footage: 285,000
• Price per Square Foot: $98
• Buyer: John Mason - Garfield Investments
• Seller: Potomac Investment Properties

John Mason represents Garfield Investments in this transaction, and Potomac Investment Properties is the seller. This deal was completed in a market where the assessed value of the building significantly exceeded the final sale price.