1250 U St & 1931 13th St

Jones Land LaSalle, Inc. ("JLL"), as exclusive representative for the Owner, is pleased to present this opportunity to acquire 1250 U St NW & 1931 13th St NW (the "Property"), a 47,889 SF mixed use asset with outstanding redevelopment potential located in the heart of Washington, DC's U St Corridor. Currently 96% leased to 5 tenants with 7 years of WALT, contractual lease rights provide Ownership the optionality to materially detenant the Property by year end 2028 to take advantage of the significant additional density available by-right at the site or the Seller's fully approved Planned Unit Development for 190,190 GSF of mixed-use development.

Strategically located in one of the Capital's most dynamic neighborhoods, the Property benefits from sitting atop a Metro Station (U-Street Station; Green Line) at the confluence of the Shaw, Columbia Heights, Dupont Circle, and Logan Circle neighborhoods. The Property features walkable proximity to some of Washington, DC's most iconic retail and vibrant nightlight offerings, including The 9:30 Club, the Lincoln Theatre, Ben's Chili Bowl, El Rey, and American Ice, amongst others.

Exclusively leased to Howard University (Ba1 credit rating) on triple-net basis for the office portion of the Property, retail tenancy includes DC Lofty Hostel, H&R Block, & Pizza, and Emmy French Corner. The offering also includes 22 unimproved parcels (the "Back Lots") that offer development optionality for townhome development and/or large-scale mixed-use development.