facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Dc

/

Office

/

Sale

/

600 New Hampshire Avenue No...

Updated Mar 10, 2026

Elme Communities Sells Watergate 600 Office In Washington DC For $52.5M
SOLDOffice

Elme Communities Sells Watergate 600 Office In Washington DC For $52.5M

600 New Hampshire Avenue Northwest

$52,500,000

Building Size

—

Asset Type

Office

Closing

Mar 9, 2026

About this deal

AI

The property involved in the transaction is an office asset located at 600 New Hampshire Avenue Northwest, Washington, DC. It was sold for a price of $52,500,000, which reflects a significant decrease of more than 60% compared to its 2017 purchase price of $135,000,000.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $52,500,000
  • Seller: Elme Communities
  • Market: Washington, DC
  • Sale Date: 03/09/2026

Elme Communities is preparing to dissolve later this year, which has influenced the decision to sell Watergate 600 at a reduced price. This transaction marks a notable shift in the company's asset management strategy within the Washington, DC market.

On the Map

Open live map

$52,500,000

Office

View full map

Players

Elme Communities
Elme CommunitiesSeller

Washington Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

Browse Washington office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets