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800 Maine Ave SW

Property Image
SOLD
$45,000,000

Dc

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Office63,000 SF
Sold 03/18/2020
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Property Image
SOLD

800 Maine Ave SW

800 Maine Ave SW, Washington, DC, 2...

See Similar Deals
Office63,000 SF
Sold 03/18/2020
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Summary

Asset Type:Office
Price Per Square Foot:$714
Total Square Footage:63,000 SF
Transaction Type:Sale

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
4 deals$396.2M volume(704) 927-3003
BROKER

SELLER

Details

SOLD
IMAGE: 800 Maine Ave SW, Washington, DC, 2... MARKET: Washington SELLER'S REP: Brian Dawson -JLL BUYER: American Psychiatric Association SELLER: Hoffman Madison Waterfront PRICE: $45,000,000.00 SF: 63000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50