1325 G St NW_Property for Sale
1325 G St NW_Property for Sale
1325 G St NW, Washington, DC, 20005-3104, US

1325 G St NW

Asset Description

Jones Lang LaSalle ("JLL") has been retained on an exclusive basis by the Seller to arrange the sale of a $112 million non-performing office loan (the "Loan" or "Note"). The Loan is secured by the first priority deed of trust on the fee-simple interest in a class A office property in Washington, D.C. (the "Property" or "Collateral"). In October 2024, the Loan went non-performing as a result of maturity default. The Collateral is comprised of a 10-story office building prominently located a block and a half from the White house in the heart of Washington, DC's East End - one of the most sought-after submarkets in the nation's capital. The property is 62% occupied with multiple investment grade tenants with a WALT of 2.5 years (as of June 2025). The offering presents investors the opportunity to buy a non-performing Loan at a favorable basis, significantly below replacement costs, with a potential path to ownership. 

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Attributes

Loan status
Non-Performing
Building area net
28,359 m²
Occupancy
62%
Year built
1969
Year renovated
2017
WAULT
2.5 years

Media

Investment Highlights

  • Class A, Renovated Office Asset Located Two Blocks From The White House
  • Extensive Capital Invested Including New Lobby, Common Corridors, Restrooms, And Base Building Infrastructure 
  • 62% Leased to 14 Tenants With 2.5 Years Of WALT (as of June 2025) Presenting An Attractive Lease Up Opportunity Off An Historically Low Reset Basis 
  • Best-In-Class Amenitization Including A Fully Equipped Fitness Center, State-Of-The-Art Conference Center, Tenant Common Areas, And A 414-Space On-Site Parking Garage. 
  • Existing D-7 Zoning Provides By-Right Residential And Hospitality Conversion Which Is Enhanced By Recent District Of Columbia Conversion Incentives 
  • Located A Block And A Half From Metro Center, The Hub Of The Washington, DC Metro's System With Access To Red, Orange, Blue, And Silver Lines 
  • Easy Accessibility To Some Of The City's Most Prominent Retail And Entertainment Attractions Including CityCenter DC, Chinatown, Capital One Arena, and Penn Quarter 


1325 G St NW 4_Property for Sale
1325 G St NW 4_Property for Sale

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1325 G St NW (0 Properties)

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Last updated
17 Mar 2025