Updated Oct 28, 2024
Cogent Communications Acquires Office Properties In Washington, DC & Falls Church, VA
1801 L Street Northwest, Washington, District Of Columbia 20036, United States
$100,000,000
Building Size
—
Asset Type
Office
Closing
Jul 11, 2022
About this deal
AI
An office property located at 1801 L St NW in Washington, DC, and 7799 Leesburg Pike in Falls Church, VA, has been sold in a transaction. The sale involved the buyer, Cogent Communications, represented by Dave Schaeffer, and the seller, Eleven Eighteen Limited Partnership.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $100,000,000 (Approx.)
- Buyer: Cogent Communications - Dave Schaeffer
- Seller: Eleven Eighteen Limited Partnership
Cogent Communications, represented by Dave Schaeffer, acquired the office property located at 1801 L St NW in Washington, DC, and 7799 Leesburg Pike in Falls Church, VA. The sale price for the property was approximately $100,000,000 (Approx.).
Players
Washington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93