5925 Blair Road Northwest, Washington, DC, 20011, US

District North Industrial

Attributes

Building area net

63,523 sf

Year built

1957

Number of buildings

Acreage

3.07

Description

Jones Lang LaSalle Americas, Inc. ("JLL"), as an exclusive representative for the Owner, is pleased to present the offering of District North Industrial (the "Property"), located at 5925 Blair Road NW & 6025 Kansas Ave NW in Washington, DC. The two-building, 63,523 SF, ultra infill lease-up opportunity provides investors a significant value-add opportunity. The Property benefits from proximity to downtown Washington DC, making it a vital location for last-mile distributors. Washington DC has some of the region's most sought-after demographics such as spending power, population growth, educational attainment, and home value.

The Washington, DC MSA consists of over 108 million square feet of industrial inventory. Since 2020, the market has exhibited strong tenant demand with over 8.5 million square feet of positive net absorption with industrial rental rates increasing by 69.9%. Washington DC's industrial market is characterized by a lack of cost-effective, functional infill space. Located with the borders of Washington DC, District North has a superior infill location capable of serving downtown DC and its suburbs in Maryland and Virginia.

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Investment Highlights

DC METRO'S SUPPLY CONSTRAINED MARKET

District North Industrial is located within DC Proper where there are no developments actively under construction.

VALUE-ADD LEASE UP OPPORTUNITY

District North provides potential investors the opportunity to stabilize the asset following substantial capital work including roof replacement, repairs, and painting completed by previous owner.

POWERED TO MEET THE MODERN TENANT'S NEEDS

Power upgrade in process from 120/208V, 600 amp to 265/460V, 4,000 amp at both buildings makes District North a destination location for tenants with manufacturing and high-power needs.

ACCESS TO PREMIER DEMOGRAPHICS

Direct access to affluent DC metropolitan demographics featuring exceptional spending power, population growth, high education levels, and strong home values - ideal for companies serving the nation's capital.