Exan Capital Acquires Property At 1399 New York Ave NW For $121.4 Million With Seller's Rep Collins Ege
1399 New York Ave NW, Washington...
$121,400,000
$931/SF
Building Size
130,372 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 1399 New York Ave NW, Washington. The property was sold for $121,400,000.00 and encompasses a total area of 130,372 square feet.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $121,400,000.00
- Address: 1399 New York Ave NW, Washington
- Square Footage: 130,372
- Seller's Representative: Collins Ege-Eastdil Secured
- Buyer: Exan Capital
The transaction involved Collins Ege from Eastdil Secured representing the seller in this deal with Exan Capital acting as the buyer. The transaction reflects a significant movement in the property market in the area.
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Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93