Johns Hopkins University Acquires Office Building At 633 Indiana Avenue NW For $34.9M
633 Indiana Avenue Northwest
$34,900,000
$230/SF
Building Size
151,300 SF
Asset Type
Office
Closing
Jan 13, 2026
About this deal
AI
The property involved in this transaction is a 13-story office building located at 633 Indiana Avenue Northwest in downtown Washington, D.C. The asset, comprising a total area of 151,300 square feet, was sold for a price of $34,900,000, which translates to a price per square foot of $231. The building, constructed in the 1960s, was previously occupied by the Court Services and Offender Supervision Agency and was set for a foreclosure auction on January 7, 2026. Future plans include renovations to accommodate Johns Hopkins University faculty and staff.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,900,000
- Address: 633 Indiana Avenue Northwest
- Market: Washington, DC
- Square Footage: 151,300
- Price per Square Foot: $231
- Buyer: Johns Hopkins University
Johns Hopkins University is the buyer in this transaction, securing the office building for its intended use after renovations. The deal was noted within deed records, highlighting the acquisition process in the competitive Washington, D.C. market.
On the Map
$34,900,000
$230/SF
Office
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93