1201 Connecticut_Actifs en vente
1201 Connecticut_Actifs en vente
1201 Connecticut Ave NW, Washington, DC, 20036-2605, US

1201 Connecticut

Description de l'actif

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.

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Caractéristiques de l'actif

Surface de l'actif Net
15 752 m²
Occupation
68 %
Année de construction
1940
Taille du terrain
0,17 hectare

Média

Points clés d'investissement

  • 190,385 GSF Corner Building Prominently Located on Connecticut Avenue Where Dupont Circle Meets the CBD - One of DC's Most Vibrant Corridors
  • Boutique Floor Plates, Side-Loaded Core, and Abundant natural Light and Air Conducive to Significant Repositioning Optionality - Existing MU-9B Zoning Provides By-Right Residential and Hospitality
  • 9% Leased to 3 Tenants with 0.2 Years of WALT (as of Jan-24), Offering Investors a Clear Path to a Vacant Building
  • Easily Walkable to Downtown Washington, DC's Most Popular Residential Neighborhoods: Adams Morgan, Dupont Circle, the 14th Street Corridor, Logan Cicle, and Shaw
  • Irreplaceable, Transit-Oriented Location - Within Walking Distance of Four Different Metro Lines (Red, Blue Orange, and Silver) in Addition to Immediate Vehicular Access to the Region's Most Convenient City to Suburb Thoroughfares
  • Generational Opportunity to Control Prestigious Real Estate - the Property is One of Only 8 Buildings on Connecticut Avenue South of Dupont Cicle that has Traded Hands in the Last Decade
  • Offered Free & Clear of Existing Debt at a Historically Low Basis

Contacter l'équipe

1201 Connecticut (0 actifs)
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Dernière mise à jour
7 mars 2024