Shorenstein Investment Advisors LLC Acquires Office Building From Carr Properties For $84.3M
901 K Street Northwest
$84,300,000
$384/SF
Building Size
219,421 SF
Asset Type
Office
Closing
Jun 9, 2025
About this deal
AI
The property involved in this transaction is an office building located at 901 K Street Northwest in Washington, DC. The asset encompasses 219,421 square feet and was sold for a total price of $84,300,000, which translates to approximately $384 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $84,300,000
- Address: 901 K Street Northwest
- Market: Washington, DC
- Square Footage: 219,421
- Price per Square Foot: $384
- Buyer: Shorenstein Investment Advisors LLC
- Seller: Carr Properties
Shorenstein Investment Advisors LLC acquired the office building from Carr Properties, completing the transaction on June 9, 2025.
On the Map
$84,300,000
$384/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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93