$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 815 NE Davis (the “Property”) a four-story, 49,628 square foot office building situated on a 0.92-acre parcel. The offering includes a second 0.34-acre parcel, currently used as surface parking, which is located directly to the west of the Property.
The Property can be easily transformed to meet the needs of an owner-user or configured for multiple tenants who want flexible build-out options. The Property features parking comparable to suburban offices despite its urban infill location—making this an outlier for the competitive set. Located within a designated Opportunity Zone, investors and owner-users alike will be able to take advantage of the Federal program that incentivizes major core and shell renovation projects through capital gains deferral.