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4301 Harewood Rd NE, Washin...

Updated Oct 29, 2024

Washington Latin School Acquires Medical Office On Harewood Rd NE For $22.5M
SOLDMedical Office

Washington Latin School Acquires Medical Office On Harewood Rd NE For $22.5M

4301 Harewood Rd NE, Washington, D...

$22,500,000

$450/SF

Building Size

49,952 SF

Asset Type

Medical Office

Closing

Sep 27, 2022

About this deal

AI

The property located at 4301 Harewood Rd NE, Washington, D... is a Medical Office spanning a total of 49,952 square feet. The transaction for this asset was completed on 09/27/2022 with a selling price of $22,500,000.00.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $22,500,000.00
  • Address: 4301 Harewood Rd NE, Washington, D...
  • Seller: The Universal Ballet Foundation
  • Seller's Representatives: Michael Zacharia (CBRE), Reilly Hudson (CBRE)
  • Buyer: The Washington Latin School

The deal involved the representation of Michael Zacharia and Reilly Hudson from CBRE as the Seller's Representatives. The Washington Latin School acquired the property from The Universal Ballet Foundation in this significant transaction.

Players

Reilly Hudson

CBRE

Broker

$22.5M

vol

1 deal

Broker
TS
The Washington Latin SchoolBuyer

Market Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Deal FAQ

About $450 per square foot on a published $22.5M for 49,952 square feet (2022).

Visit Michael Zacharia to view all their deals.

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

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