Updated Oct 28, 2024
Washington Latin School Acquires School On Harewood Rd NE In Washington, DC For $22.5M
4301 Harewood Road Northeast Washington, District Of Columbia 20017, United States
$22,500,000
$450/SF
Building Size
49,952 SF
Asset Type
Other
Closing
Sep 26, 2022
About this deal
AI
The Washington Latin School has acquired a school property located at 4301 Harewood Rd NE in Washington, DC. The property, spanning 49,952 square feet, was sold for a total price of $22,500,000, resulting in a price per square foot of $450. The transaction was facilitated by Reilly Hudson and Michael Zacharia from CBRE.
Summary of transaction details
- Property Type: School
- Transaction Amount: $22,500,000
- Address: 4301 Harewood Rd NE, Washington, DC
- Market: Washington, DC
- Buyer: The Washington Latin School
Reilly Hudson and Michael Zacharia from CBRE represented The Washington Latin School in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93