
7th & D
301 7th Street Southwest, Washington, DC, 20024, US
87,338 sm
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase the leasehold interest in 3 Bethesda Metro Center (“the Property”), a 400,578 BRSF, Class A office building located on top of metro in Washington, DC’s renowned Bethesda submarket. 3 Bethesda Metro Center is 53% leased to 31 tenants with 4.9 years of Weighted Average Lease Term (“WALT”). The Property’s tenancy and iconic location present an attractive blend of existing cash flow as well as value creation through lease-up and stabilization. Additionally, the site offers investors the ability to increase density through plans for 500,000 square feet of multifamily development across 479 units at 4 Bethesda Metro Center.
The Property’s unmatched location, coupled with the value creation opportunities of driving occupancy to stabilization and potential development upside, places the Property within a unique position relative to downtown Bethesda office. Potential investors will be the beneficiaries of the ongoing development of place-making retail, luxury residential, and transportation infrastructure while 3 Bethesda Metro Center’s diversified rent roll will offer attractive cash flow to bridge today’s investor to the Bethesda of tomorrow.