Exan Capital Acquires Property At 1399 New York Ave NW For $121.4 Million With Seller's Rep Collins Ege
SOLD
$121,400,000
National
See Similar Deals130,372 SF
SOLD
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...
See Similar Deals130,372 SF
Summary
Price Per Square Foot:$931
Total Square Footage:130,372 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$431,308.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$575,497.94
Annual Debt Service$6,905,975.22
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