Mori Trust Co Acquires Office Building In Washington, DC For $531M
601 Massachusetts Avenue Northwest, Washington, District Of Columbia 20001, United States
$531,000,000
$1,108/SF
Building Size
479,000 SF
Asset Type
Office
Closing
Aug 31, 2022
AI
The office property located at 601 Massachusetts Avenue NW in Washington, DC has been sold. The transaction took place on September 1, 2022. The property spans 479,000 square feet and was sold for a total price of $531,000,000, resulting in a price per square foot of $1,109.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $531,000,000
- Square Footage: 479,000
- Price per Square Foot: $1,109
- Address: 601 Massachusetts Avenue NW, Washington, DC
- Market: Washington, DC
Mori Trust Co is the buyer involved in this office property transaction.
Players
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93