1808 Eye St. Sells for Nearly $13M

WASHINGTON, DC-Office properties have continued to be a hot ticket for buyers, as evidenced by the recent sale of the class A building at 1808 Eye St. Washington Brick & Terra Cotta Cos. acquired the 32,500-sf structure from CG Investments, which relied on real estate services firm Cassidy & Pinkard for representation in the deal.

While the parties involved have opted not to disclose the terms of the transaction, District Tax records indicate that the property was sold in late February for roughly $12.9 million. Those records also list the property’s 2004 assessed value as just under $12 million.