Altus Realty Acquires Office Building In Washington, DC For $16M
SOLD
$16,000,000
District Of Columbia
See Similar DealsOffice4,081 SF
Sold 10/24/2022
SOLD
Altus Realty Acquires Office Building In Washington, DC For $16M
1010 Vermont Avenue Northwest, Washington, District Of Columbia 20005, United States
See Similar DealsOffice4,081 SF
Sold 10/24/2022
Summary
Asset Type:Office
Price Per Square Foot:$3,920
Total Square Footage:4,081 SF
Transaction Type:Sale
The office property located at 1010 Vermont Ave NW in Washington, DC was recently sold in a transaction on October 24, 2022. The property, which was acquired by Altus Realty, was previously owned by Pembroke. The sale price for the transaction was $16,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000
- Buyer: Altus Realty
- Seller: Pembroke
- Address: 1010 Vermont Ave NW, Washington, DC
- Market: Washington, DC
Altus Realty, a prominent real estate agency, represented the buyer in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
Is there something missing? Send suggestions