facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

District Of Columbia

/

Office

/

Sale

/

655 15th Street Northwest

Deborah L. Harmon's Artemis Real Estate Partners Acquires Metropolitan Square Office Building In Washington D.C. For $305M
SOLDOffice

Deborah L. Harmon's Artemis Real Estate Partners Acquires Metropolitan Square Office Building In Washington D.C. For $305M

655 15th Street Northwest

$305,000,000

$466/SF

Building Size

654,000 SF

Asset Type

Office

Closing

Oct 5, 2023

AI

Metropolitan Square, a prominent 654,000-square-foot office building located at 655 15th Street Northwest in Washington, D.C., has been sold in a notable transaction. The property, situated near the White House in downtown Washington, D.C., changed hands for a total of $305 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $305,000,000

The buyer in this deal was Deborah L. Harmon from Artemis Real Estate Partners. On the selling side, Stephen A. Schwarzman from Blackstone and Owen D. Thomas from Boston Properties were involved in the transaction.

Metropolitan Square's sale price of $305 million reflects a price per square foot of $466, given its total area of 654,000 square feet. This transaction signifies a significant investment in the Washington, D.C. office market, highlighting the market's allure and potential for growth.

Players

Deborah Harmon

Artemis Real Estate Partners

Buyer

$994.8M

vol

12 deals

Buyer

Washington Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93