1667 K St

Jones Lang LaSalle (“JLL”), as exclusive representative for Owner, is pleased to present the opportunity to acquire 1667 K Street (“1667 K” or the “Property”), a 194,115 BRSF office building prominently overlooking Farragut Square on the corner of 17th and K Streets. Currently 52% leased to 19 tenants with 3.5 years WALT, 1667 K represents a generational opportunity to reimagine a trophy location with a multitude of uses – renovated office, trophy office redevelopment, multifamily, and/or hospitality – for the first time in over 40 years.

The Property’s location combines a prestigious K Street address with corner park frontage. Situated just three blocks from the White House, Farragut Square is the pedestrian and professional epicenter of DC’s Central Business District and Golden Triangle. Office assets fronting Farragut Square are extremely scarce and opportunities to acquire them are even more rare – of the twelve assets that have park frontage, only three have transacted in the past 20 years. With four Metro lines within walking distance and easy ingress/egress to the Maryland and Virginia suburbs via Connecticut Ave and the E Street Expressway, Farragut Square provides the accessibility required for an asset to succeed in the post-pandemic office environment. The Property is also flanked by some of DC’s most sought-after neighborhoods, including Dupont Circle, Logan Circle, Adams Morgan, West End, and Foggy Bottom, drawing an elite cohort of young working professionals to the area. This culturally dynamic, multi-modal trophy location validates a multitude of potential uses at the site.

With efficient floor plates of approximately +/- 16,700 BRSF, extensive park views with natural light along 17th and K Streets and three sides of glass, the Property’s design enables investors to pursue various business plans, whether as office or as a conversion to a different use. The boutique footprint is attractive in the current office environment while also allowing the floorplates to be easily manipulated to accommodate residential or hospitality layouts. Investors will also benefit from over $4.5 MM in contractual cash flow to carry the asset through various business plans. Accordingly, 1667 K supports virtually unlimited business plan optionality while presenting a truly once-in-a-lifetime opportunity to reimagine an iconic, trophy location.

1667 K is one of multiple assets being marketed concurrently by Seller. Offers will be accepted on a portfolio and/or single asset basis.