NorthMarq Capital arranges permanent financing of $39 million for Washington, D.C. office property

WASHINGTON D.C. (August 30, 2018) – NorthMarq Capital’s Washington D.C. regional office arranged permanent financing of $39 million for a mid-rise, multi-tenant office property located in Washington, D.C. The 117,931 sq. ft. property is 100 percent leased and occupied by 26 tenants, featuring a well-balanced and manageable rollover schedule. This property has consistently outperformed the market, which is evidenced by its historical occupancy and stable operating performance.

The property, which was constructed in 1967 and renovated in 1982 and 1998, is strategically located one block from the United States Capitol, is less than one mile from I-395 and is within walking distance of three Metrorail Stations: Union Station (Red Line), Judiciary Square (Red Line), and Archives-Navy Memorial (Green & Yellow Line).