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901 K Street Northwest

Shorenstein Investment Advisors LLC Acquires Office Building From Carr Properties For $84.3M
SOLDOffice

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

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.

Players

Carr Properties
Carr PropertiesSeller

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