Washington office building sold at 75% discount: 'US real estate on fire sale'
India, April 1 -- A Washington DC office building was sold at a massive 75 per cent discount, a real estate entrepreneur said. Sharing details of the building, he said that the 175k sq ft tower at 1101 Vermont Avenue was sold for $16 million. The building was last sold for $60 million in 2006, he shared adding that the building's assessed value in 2018 was $72 million in 2018. The entrepreneur also claimed that Washington DC has been among the hardest hit office markets in America.
On X (formerly Twitter), the entrepreneur's post read, "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. Th...
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