$44.6 Million Office Loan | Class-A Building | Washington, D.C. Metro

$44.6 Million Office Loan  |  Class-A Building  |  Washington, D.C. Metro_Actifs en vente

Caractéristiques de l'actif

Surface de l'actif Net
22 408 m²
Occupation
66,9 %
Année de construction
1975
Année de rénovation
2015
Status du prêt
sub-performing loan
Remise des offres
02/10/2025

Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $44.6 Million Office Loan (the “Loan” or “Note”). The Loan is secured by the Deed of Trust on the fee simple interest in a class-A office property located in the Washington, D.C. Metro’s renowned Bethesda submarket (the “Property” or “Collateral”). Scheduled to mature in November 2025, the Loan is currently sub-performing with an unpaid principal balance of $44,600,000.


Constructed in 1975 and renovated in 2015, the 14-story building is comprised of 241,195 RSF of office space. Additionally, since 2015, the Property has benefited from approximately $15 Million in base building and tenant-focused capital improvements. As of September 2025, the Property is 66.9% occupied and features 411 parking spaces via an above ground parking garage. Situated on a 0.72-acre or 31,258 SF site, the Property benefits from proximity to one of the best-in-class office destinations as it is a short two-block, five-minute walk from the 75+ stores and restaurants of Bethesda Row.


The offering presents investors the opportunity to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential path to ownership due to a near term maturity.

...

Points clés d'investissement

Path To Ownership

The Loan provides investors the ability to potentially step into the ownership position on a high-quality office building at an attractive basis due to an upcoming note maturity.


Diversified, Cash-Flowing Rent Roll

Diversified Cash Flow Anchored by Long-Term HQ Tenancy to multiple tenants (30% of RBA) with lease expirations in 2030 and 2032.


Amenity Rich and Tenant Focused Location

The Property has unparalleled amenity access in the heart of Bethesda’s acclaimed live-work-play environment where it is just a short walk from Bethesda Row and Woodmont Triangle.


High-Barrier to Entry

The Property is located in an infill location within a high barrier to entry

submarket with no future supply in the pipeline.

$44.6 Million Office Loan  |  Class-A Building  |  Washington, D.C. Metro 4_Actifs en vente
$44.6 Million Office Loan | Class-A Building | Washington, D.C. Metro (0 actifs)

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Dernière mise à jour
9 sept. 2025