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1771 N St. Nw, Washington, Dc

Updated Nov 28, 2024

University Of Southern California Acquires Office Building On N St. NW In Washington, DC For $49.4M
SOLDOffice

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

UC
University of Southern CaliforniaBuyer

Washington Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $823 per square foot on a published $49.4M for 60,000 square feet (2023).

Visit Stream Realty Partners⁠ to view all their deals.

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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

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