JUST IN: Another Washington DC office building has just sold at...

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 been among the hardest hit office markets in the US with absolutely no rebound in sight

https://x.com/TripleNetInvest/status/1774421001570513239?s=20

....yes, Higher for Longer??

....something is truly wrong if we can get this while everything else at all time high.