Hana Alternative Asset Management & Ocean West Capital Partners Acquires Office Property In Washington, DC For $275M
300 E Street Southwest, Washington, District Of Columbia 20546, United States
$275,000,000
Building Size
—
Asset Type
Office
Closing
Aug 14, 2022
AI
Hana Alternative Asset Management & Ocean West Capital Partners have closed a loan transaction for an office property located at 300 E St SW in Washington, DC. The loan amount for this transaction was $275,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $275,000,000
- Landlord: Hana Alternative Asset Management & Ocean West Capital Partners - Russ Allegrette
- Broker: Mesirow
The deal involved Hana Alternative Asset Management & Ocean West Capital Partners as the landlords and Russ Allegrette representing them. The broker for this transaction was Mesirow.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93