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
About this deal
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.
The retail sale at 75 New York Avenue Northeast in Washington, DC sold for $11.5M in 2023. 75 New York Avenue Northeast is classified as Retail on Traded. Matt Kelly, JBG Smith appear on the sale alongside JBG Smith. This page is the Washington, DC file for the 75 New York Avenue Northeast retail sold: pricing, party profiles, and other closed retail comps from the same Washington sit in the Market section below. Filter that Washington retail set by closing date to see what else sold near 75 New York Avenue Northeast around 2023. Published consideration for 75 New York Avenue Northeast is $11.5M, dated 2023. Cite this McDonald's Reacquires NoMa Restaurant Property For $11.5M From JBG Smith Properties Inc sale when underwriting similar retail product around Washington, DC.
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