$21 Million Non-Performing Office Loan | Washington, D.C.
Washington, DC, US, Americas
15,816 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative, is pleased to offer for sale 1201 Connecticut Avenue (“1201 Connecticut” or the “Property”), a 190,385 GSF Class B corner office building prominently located at the confluence of Connecticut Avenue, Rhode Island Avenue, and M Street where Dupont Circle meets the Central Business District (“CBD”). The Property is one of only 8 buildings on Connecticut Avenue stretching from Lafayette Square to Dupont Circle that has traded hands in the last decade, providing potential investors the exclusive, generational opportunity to acquire a coveted corner address centrally located along a renowned Washington, DC thoroughfare.
With efficient floor plates of approximately 15,500 SF and abundant natural light via three sides of glass, the Property’s design enables investors to pursue various business plans, whether as boutique office or as a conversion to a different use. The Property’s design provides Washington’s smaller-to-mid-sized tenants the rare opportunity to have prominent full or partial floors with an internationally recognized marquee address. Furthermore, the rectangular form and side-loaded core can be easily manipulated to accommodate residential and hotel unit planning.