Altus Realty Acquires Office Building In Washington, DC For $16M
1010 Vermont Avenue Northwest, Washington, District Of Columbia 20005, United States
$16,000,000
$3,920/SF
Building Size
4,081 SF
Asset Type
Office
Closing
Oct 23, 2022
AI
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
Washington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93