Washington DC office building at 1101 Vermont Ave sold for $16M, 75% discount from 2006.

JUST IN: Another Washington DC office building has just sold at a massive ~75% discount to what it last sold for

The 175k sq ft tower at 1101 Vermont Ave sold for $16M

The building last sold for $60M in 2006

The assessment value in 2018 was $72M in 2018

Washington DC has… pic.twitter.com/LXO2JN3XKF

— Triple Net Investor (@TripleNetInvest) March 31, 2024