2900 K St NW
2900 K St NW, Washington, DC, 20007-5105, US
Objectomschrijving
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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Kenmerken
Leningstatus
Niet-Presterend
Netto gebouwoppervlakte
28.359 vierkante meter
Bezettingspercentage
62%
Bouwjaar
1969
Renovatiejaar
2017
WAULT
2.5 jaren
Media
Investeringskenmerken
- 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
Contact adviseurs
1325 G St NW (0 Eigendommen)
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Laatst bijgewerkt
17 mrt 2025
