SOLDRetail
McDonald's Reacquires NoMa Restaurant Property For $11.5M From JBG Smith Properties Inc
75 New York Avenue Northeast
$11,500,000
Building Size
—
Asset Type
Retail
Closing
Dec 6, 2023
AI
McDonald's has reacquired its NoMa restaurant property at 75 New York Ave. NE in Washington, D.C., from JBG Smith Properties for $11.5 million. The property is a retail asset located at the address mentioned. The transaction took place on 12/06/2023 in the Washington, DC market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 75 New York Avenue Northeast
- Market: Washington, DC
JBG Smith Properties Inc represented the seller, Matt Kelly, in the deal.
Players
Washington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93