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601 Massachusetts Avenue No...

Mori Trust Co Acquires Office Building In Washington, DC For $531M
SOLDOffice

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

MC
Mori Trust CoBuyer

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