{"id":1004116981,"date":"2015-04-06T09:20:45","date_gmt":"2015-04-06T17:20:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=338795"},"modified":"2020-04-28T03:44:28","modified_gmt":"2020-04-28T11:44:28","slug":"downtown-d-c-office-building-sells-for-109m-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/downtown-d-c-office-building-sells-for-109m-2\/","title":{"rendered":"Downtown D.C. Office Building Sells for $109M"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

\"\"<\/a>The hot Washington, D.C., office market continues to attract more investors. The most recent building to change hands was 2025 M St., N.W., in the city\u2019s Golden Triangle area. Mikeone EK purchased the asset for $109 million.<\/p>\n

The downtown D.C. office building was constructed in 1969. Standing eight stories, the 195,624-square-foot building features 173,229 square feet of office space, 16,886 square feet of retail, 5,509 square feet of storage, a 4,500-square-foot rooftop terrace and 242 parking spaces on three below-grade levels.\u00a0The property was fully leased at the time of the sale, with a tenant roster including Kaplan, Radio Free Asia and Smith Bucklin.<\/p>\n

Mikeone EK purchased 2025 M St. from a partnership between The Oliver Carr Co. and Clark Enterprises Inc.\u00a0According to PropertyShark<\/em><\/a>, the former owner paid $37.9 million to buy the property in 2001; the office building\u2019s current market value is\u00a0 a little over $82 million.<\/p>\n

Adam Vaisman of Butters Construction & Development advised the buyer in the transaction. The seller was represented by an HFF investment sales team includeing senior managing directors James Meisel, Dek Potts and Andrew Weir; executive managing director Stephen Conley; associate director Matthew Nicholson; and senior real estate analyst Jessica Diorio.<\/p>\n

Photo credit: CBRE<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The hot Washington, D.C., office market continues to attract more and more investors. The most recent building to change hands is located at 2025 M Street NW, in the city’s Golden Triangle area. Mikeone EK purchased the asset for $109 million.<\/p>\n","protected":false},"author":925,"featured_media":1004507325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004116981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nDowntown D.C. 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