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800 Maine Ave SW, Washingto...

800 Maine Ave SW
SOLDOffice

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

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.

Players

Brian Dawson

JLL

Broker

$396.2M

vol

4 deals

Broker
W
WaterfrontSeller

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