ACRES Capital Provides $12.85M Loan For Office Building At 1010 Vermont Avenue NW, Washington, D.C
1500 K Street Northwest, Washington, District Of Columbia 20005, United States
$82,100,000
$313/SF
Building Size
262,190 SF
Asset Type
Office
Closing
Aug 21, 2022
AI
The office property located at 1010 Vermont Avenue NW in Washington, D.C has recently undergone a closed transaction involving a loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,850,000
- Square Footage: 4,081 SF
- Address: 1010 Vermont Avenue NW, Washington, D.C
- Market: Washington, D.C
The loan for this property was provided by ACRES Capital, with Drew Miller representing the lender. Altus Realty serves as the landlord for this office space. The brokers involved in this transaction were Lindsay Stroud from Savills.
Players
Washington Office Market Snapshot
Boundary boundary · Office · Loan 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
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93