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