SOLDOffice
Ronald D. Paul Cos Sells Office Building In Washington, DC For $20.5M
2121 Ward Place Northwest Washington, District Of Columbia 20037, Usa
$20,500,000
$359/SF
Building Size
57,000 SF
Asset Type
Office
Closing
May 23, 2023
AI
The office property located at 2121 Ward Place Northwest in Washington, DC was recently sold. The property has a total area of 57,000 square feet and was sold for a price of $20,500,000, resulting in a price per square foot of $360.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,500,000
- Address: 2121 Ward Place Northwest, Washington, DC
- Market: Washington, DC
- SF: 57,000
- PPSF: $360
The seller of the property was Ronald D. Paul Cos.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93