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Webster School LLC Acquires Historic Webster School From The General Services Administration For $4.138M

Property Image
SOLD
$4,138,000

Dc

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School27,500 SF
Sold 02/12/2025
the dealdetailscomps
Property Image
SOLD

Webster School LLC Acquires Historic Webster School From The General Services Administration For $4.138M

940 H Street Northwest

See Similar Deals
School27,500 SF
Sold 02/12/2025
the dealdetailscomps

Summary

Asset Type:School
Price Per Square Foot:$150
Total Square Footage:27,500 SF
Transaction Type:Sale

The sale involved the historic Webster School located at 940 H Street Northwest in Washington, DC. The property spans 27,500 square feet and has a sale price of $4,138,000, translating to a price per square foot of $150.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $4,138,000
  • Buyer: Webster School LLC
  • Seller: The General Services Administration
  • Square Footage: 27,500
  • Price Per Square Foot: $150
  • Loan Amount: $2,700,000
  • Lender: Trustar Bank

Webster School LLC, an affiliate of Tran Group, is set to redevelop the property, which will be taxable for the first time in decades. The plans for the site include potential redevelopment into office, residential, or boutique hotel space.

Details

SOLD
IMAGE: 02/12/2025 ADDRESS: 940 H Street Northwest MARKET: Washington, DC ASSET TYPE: School BUYER: Webster School LLC, SELLER: The General Services Administration SALE PRICE: $4,138,000 SF: 27,500 ~ PPSF: $150 NOTE: The General Services Administration sold D.C.'s historic Webster School for $4.138 million to Webster School LLC, an affiliate of Tran Group, which plans to redevelop the 27,500-square-foot property. The buyer secured a $2.7 million loan from Trustar Bank, and the property will become taxable for the first time in decades, with plans for potential redevelopment into office, residential, or boutique hotel space.

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0.94x

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