Updated Oct 29, 2024
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.
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Market Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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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