Case Study: Washington Capital Management sells 101,450 SF office building for $18M with Lee & Associates

Washington Capital Management sells 101,450 SF office building for $18M with Lee & Associates

Washington Capital Management, a major investment advisory firm, needed to sell a suburban office building amidst the significant market uncertainty caused by the COVID-19 pandemic. The challenge was completing the transaction on time as remote work policies created volatility and complicated the due diligence process. Lee & Associates was engaged to market and sell the asset.

Lee & Associates marketed the property to top local investors and leveraged a key lease extension from the anchor tenant to push pricing higher. Their approach attracted a wide array of investors and resulted in a successful sale. Lee & Associates achieved the full asking price of $18 million for the client, efficiently closing the deal despite market challenges and satisfying both the seller and the buyer.

Washington Capital Management