Updated Oct 29, 2024
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
About this deal
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.
The office sale at 2121 Ward Place Northwest Washington, District Of Columbia 20037, Usa in Washington, District of Columbia sold for $20.5M in 2023. The building is 57,000 square feet, implying about 359 per square foot on the published price. This page is the Washington, District of Columbia file for the 2121 Ward Place Northwest Washington, District Of Columbia 20037, Usa office sold: pricing, party profiles, and other closed office comps from the same Washington sit in the Market section below. Filter that Washington office set by closing date to see what else sold near 2121 Ward Place Northwest Washington, District Of Columbia 20037, Usa around 2023. Published consideration for 2121 Ward Place Northwest Washington, District Of Columbia 20037, Usa is $20.5M, dated 2023. Cite this Ronald D. Paul Cos Sells Office Building In Washington, DC For $20.5M sale when underwriting similar office product around Washington, District of Columbia.
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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