800 Maine Ave SW
800 Maine Ave SW, Washington, DC, 2...
$45,000,000
$714/SF
Building Size
63,000 SF
Asset Type
Office
Closing
Mar 18, 2020
About this deal
AI
The property asset involved in this transaction is located at 800 Maine Ave SW, Washington, DC. It was sold for $45,000,000.00 and encompasses a total area of 63,000 square feet. The market for this transaction is Washington.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $45,000,000.00
- Address: 800 Maine Ave SW, Washington, DC
- Square Footage: 63,000
- Seller: Hoffman Madison Waterfront
- Buyer: American Psychiatric Association
- Seller's Representative: Brian Dawson - JLL
This transaction involved key players including the buyer, the American Psychiatric Association, which purchased the property from seller Hoffman Madison Waterfront, represented by Brian Dawson from JLL. The deal reflects the collaboration between these entities in the Washington real estate market.
On the Map
$45,000,000
$714/SF
Office
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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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93