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Boyd Watterson Asset Management Acquires Property At 500 E St SW For $118.56M With Seller's Rep Eric Berkman

Property Image
SOLD
$118,560,000
Eric Berkman
BW

Dc

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Office262,959 SF
the dealplayerscompscontact
Property Image
SOLD

Boyd Watterson Asset Management Acquires Property At 500 E St SW For $118.56M With Seller's Rep Eric Berkman

500 E St SW, Washington, DC, 20024

See Similar Deals
Office262,959 SF
Eric Berkman
BW
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$450
Total Square Footage:262,959 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 500 E St SW, Washington, DC, 20024. The transaction amount for this property is $118,560,000.00, and it encompasses a total square footage of 262,959. This property is situated within the Washington market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $118,560,000.00
  • Address: 500 E St SW, Washington, DC, 20024
  • Market: Washington
  • Seller's Representative: Eric Berkman - Cushman & Wakefield
  • Buyer: Boyd Watterson Asset Management
  • Square Footage: 262,959

This transaction includes key individuals such as Eric Berkman, who represented the seller in this deal through Cushman & Wakefield, while Boyd Watterson Asset Management acted as the buyer, completing the acquisition of the property.

Players

Eric Berkman
Cushman & Wakefield
Eric Berkman
6 deals$583.3M volume
BROKER
BW
Boyd Watterson
4 deals$593.1M volume(216) 771-3450
BROKER
MM
MF Asset Management
BUYER

Details

SOLD
IMAGE: 500 E St SW, Washington, DC, 20024 MARKET: Washington SELLER'S REP: Eric Berkman -Cushman & Wakefield BUYER: Boyd Watterson Asset Management PRICE: $118,560,000.00 SF: 262959

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,323,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$421,218.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$562,034.89
Annual Debt Service$6,744,418.64