Cambridge Development Group And Management Concepts Acquire 106K SF Office Building In Washington, DC For $16.25M
919 18th Street Northwest
$16,250,000
$153/SF
Building Size
106,000 SF
Asset Type
Office
Closing
Jan 3, 2024
About this deal
AI
The 106,000-square-foot office building located at 919 18th St. NW in Washington, D.C., has been sold for $16.25 million. The property was acquired by a joint venture between Cambridge Development Group, managed by Doug Dalton and Ron Lightfoot, and Thomas F. Dungan, III of Management Concepts. The sale price equates to $153.30 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,250,000
- Address: 919 18th Street Northwest
- Market: Washington, DC
The buyer, a joint venture between Cambridge Development Group and Management Concepts, was represented by Doug Dalton, Ron Lightfoot, and Thomas F. Dungan, III. The seller in the transaction was Epic Ltd.
On the Map
$16,250,000
$153/SF
Office
View full map
Washington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Washington office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93