840 1st St NE, Washington, DC, 20002-8046, US

840 First Street NE

描述

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive representative for the Owner, is pleased to present the offering for 840 First Street NE (the “Property”). This 253,164 RSF office asset’s strategically central location, within a stone’s throw of Union Station and in close proximity to Capitol Hill, positions the Property as an exceptional investment opportunity at a compelling basis.

Constructed in 2003, the 12-story office building is free-standing, features 23,000 RSF floor plates, and boasts excellent views of the iconic DC skyline. Existing tenants include The Children’s Defense Fund (8.7% of RBA through Aug-30) and the Brady Campaign to Prevent Gun Violence (6.5% of RBA through Nov-30). The asset is 15% leased today, with 4.1 years WALT to these two tenants.

Located one block from Union Station in the vibrant NoMa neighborhood, 840 First Street NE offers an exceptional location that combines convenient transportation options with the energetic atmosphere of NoMa. With 85 daily Amtrak and Acela trains departing from Union Station, professionals have seamless access to key cities and business centers. The nearby Red Line Metro provides efficient travel throughout the Washington, DC Metro area.

NoMa is known as the hip, smart center of the nation’s capital, offering free outdoor WiFi, excellent walkability, and a variety of transit options. Within NoMa’s 35 blocks, there is 10.2 million SF of office space, almost 12,000 residential units, and 600,000+ SF of neighborhood-serving retail, including REI’s flagship store. The vibrant dining scenes at Union Station, Union Market, and Mount Vernon Triangle, combined with the convenient transportation options and energetic charm of the neighborhood, make 840 First Street NE an excellent location for businesses in Washington, DC.

840 First Street NE offers a rare and coveted opportunity to secure ownership of a prime office asset at an attractive basis. Considering the Property’s strategic location minutes from the US Capitol Building and other essential government buildings, acquiring this Property presents an exceptional investment and long-term value proposition.

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特性

建築物面積 (建築面積)

244,300 平方呎

使用／出租率

15%

落成年份

2003

沃尔特

4.1 年

媒體

投資亮點

· Rare opportunity to acquire a 253,164 RSF, completely freestanding office building at an attractive basis.

· Phenomenal bones that are perfectly suited for a full-building user or multi-tenanted configuration, or conversion to an alternative use

· Located at the political power center of the United States Government, just five minutes from the US Capitol and congressional office buildings.

· One block to Union Station, featuring daily Amtrak/Acela trains to the northeast corridor, Red line metro access, and 52+ retailers and restaurants.

· Located within the vibrant NoMa neighborhood: NoMa’s 35 blocks include 10.2 million SF of office space, almost 12,000 residential units, and 600,000+ SF of neighborhood-serving retail.

· Walkable to Union Market and Mount Vernon Triangle’s rapidly growing restaurant scene.

· Held on an all cash basis today and offered free & clear of in-place financing.