SRS Real Estate Partners Brokers $9.2M Retail Sale In Washington, DC
2321 18th Street Northwest, Washington, District Of Columbia 20009, United States
$9,200,000
Building Size
—
Asset Type
Retail
Closing
Jun 14, 2022
AI
A retail property located at 2321 18th St NW & 1519 Wisconsin Ave NW in Washington, DC has been sold for a price of $9,200,000. The property is situated in a prime location in the city's market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,200,000
- Market: Washington, DC
- Brokers: Andrew Fallon & Rick Fernandez - SRS Real Estate Partners
The deal was facilitated by Andrew Fallon & Rick Fernandez from SRS Real Estate Partners. They represented the parties involved in the transaction, acting as the brokers for the seller and/or buyer. This successful sale demonstrates their expertise and effectiveness in the real estate market of Washington, DC.
Players
Washington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93