SRS Real Estate Partners Brokers $9.2M Retail Sale In Washington, DC
SOLD
$9,200,000
District Of Columbia
See Similar DealsRetail
Sold 06/15/2022
SOLD
SRS Real Estate Partners Brokers $9.2M Retail Sale In Washington, DC
2321 18th Street Northwest, Washington, District Of Columbia 20009, United States
See Similar DealsRetail
Sold 06/15/2022
Summary
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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