Updated Nov 28, 2024
University Of Southern California Acquires Office Building On N St. NW In Washington, DC For $49.4M
1771 N St. Nw, Washington, Dc
$49,400,000
$823/SF
Building Size
60,000 SF
Asset Type
Office
Closing
Mar 16, 2023
About this deal
AI
The University of Southern California has acquired an office property located at 1771 N St. NW in Washington, DC. The property, spanning 60,000 square feet, was sold by Stream Realty Partners for a total sale price of $49,400,000, resulting in a price per square foot of $823.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49,400,000
- Address: 1771 N St. NW, Washington, DC
- Market: Washington, DC
- Buyer: University of Southern California
- Seller: Stream Realty Partners
- Square Footage: 60,000
- Price Per Square Foot: $823
This transaction represents the successful acquisition of the property by the University of Southern California from Stream Realty Partners. The University of Southern California was represented by their broker representative in the deal, while Stream Realty Partners acted as the seller's representative.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93