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
$118,560,000
$450/SF
Building Size
262,959 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
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
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93