10.18.04::1627 K Street NW Sold for $15.95M

Cambridge structured the disposition of 1627 K Street, NW, Washington, DC, on behalf of 1627 K Associates Limited Partnership. The project was sold for a total consideration of $15,950,000.00 to 16 Cobalt L.L.C. Gerald Trainor, of Transwestern Commercial Services represented Cobalt L.L.C. 1627 K Street is a twelve-story, 64,512 square foot executive office building located in the heart of Washington, DC. The subject property is 100% leased to such creditworthy tenants as Peninsula Production Company, Harrison Career Institute, and The Foundation Center. Situated three blocks from the White House, “1627 K” presents an excellent opportunity to own a quality building below replacement cost in one of the country’s strongest office markets. Its long term leases provide great stability and reliable cash flow to its investor.