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500 E St SW, Washington, DC...

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

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

Eric Berkman

Cushman & Wakefield

Broker

$583.3M

vol

6 deals

Broker
MM
MF Asset ManagementBuyer

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