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Post Brothers Affiliate Acquires Office Building In Washington, DC For $66.8M
SOLD
$66,770,000
District Of Columbia
See Similar DealsOffice290,762 SF
Sold 05/10/2023
SOLD
Post Brothers Affiliate Acquires Office Building In Washington, DC For $66.8M
2100 M Street Northwest Washington, District Of Columbia 20037, Usa
See Similar DealsOffice290,762 SF
Sold 05/10/2023
Summary
Asset Type:Office
Price Per Square Foot:$229
Total Square Footage:290,762 SF
Transaction Type:Sale
An office property located at 2100 M St. NW in Washington, DC has been sold in a closed transaction. The property spans a total of 290,762 square feet and was sold for a price of $66,770,000, resulting in a price per square foot of $230.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $66,770,000
- Address: 2100 M St. NW, Washington, DC
- Market: Washington, DC
- Buyer: Affiliate of Post Brothers
The buyer in this transaction was an affiliate of Post Brothers. They represent the buyer's interests throughout the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,561,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$237,219.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$316,523.86
Annual Debt Service$3,798,286.37
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