The Kenmore_Propriété à vendre
The Kenmore_Propriété à vendre
5415 Connecticut Avenue Northwest, Washington, DC, 20015, US

The Kenmore

Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire The Kenmore (“the Property”), a 1948 vintage, 371-unit property located in Chevy Chase, one of Northwest DC’s premier residential locations. The Kenmore presents a comprehensive renovation opportunity to capture immense achievable value-add upside by renovating 63% of the unit mix and re-imagining 1,189+ SF of vacant retail space into common area amenities. The Kenmore sits on Connecticut Avenue, one of DC’s major thoroughfares, benefitting from a highly desirable and affluent neighborhood. In addition, the Property is within walking distance to the Red Line Metro station at Friendship Heights offering direct access to major demand drivers throughout the DC Metro and Bethesda. Chevy Chase boasts a broad array of attractive dining venues, landmarks, and entertainment destinations, including three nearby grocers (Safeway, Whole Foods, and Amazon Fresh).

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Attributs

Année de construction
1948
Nombre d'unités
371
Occupation
94 %

Média

Points forts de l'investissement

PREMIER VALUE-ADD OPPORTUNITY

Ability to Renovate 63% of the Unit Mix and Enhance the Common Area Amenities


COMPELLING IN-PLACE CASH FLOW AND INHERENT UPSIDE

Consistent Property Level Performance with Strong Market Rent Growth Potential


MINIMAL FUTURE SUPPLY AND HIGH-BARRIER-TO-ENTRY SUBMARKET

Premier NW DC Location with No Future Deliveries Projected


TRANSIT ORIENTED LOCATION IN A HIGHLY AMENITIZED NEIGHBORHOOD

Conveniently Located Along Connecticut Avenue, Walking Distance to The Friendship Heights Metro Station (Red Line) and Downtown Friendship Heights


STRONG EMPLOYMENT AND RETAIL-CENTRIC LOCATION

4.1MM SF of Office and 1.6MM SF of Retail within a One-Mile Radius


EXCEPTIONAL RENTER DEMOGRAPHICS

$270K Average Household Income, $1.3MM Average Home Value, and 2.8% Unemployment Rate

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The Kenmore (0 Propriétés)

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Dernière mise à jour
15 sept. 2025