$9,144,000 USD
202-573-2148
20 Chevy Chase Cir NW
Washington, DC 20015
Chevy Chase DC
HIGHLIGHTS
- High barrier-to-entry market with a prominent regional brand.
- Tenant renewed the lease for an additional three years in June 2024.
- Exceptional visibility with exposure to over 80,000 VPD. Chevy Chase Circle is a major thoroughfare connecting NW Washington, DC and Chevy Chase, MD.
- Affluent surrounding community with 201,458 residents within a 3-mile radius and an average household income of $258,785 within a 1-mile radius.
- Long & Foster was acquired by parent company Berkshire Hathaway in 2017 and operates over 180 offices throughout the Mid-Atlantic region.
- Landlord-friendly lease with minimal ownership responsibilities.
OVERVIEW
We are pleased to exclusively present for sale the 10,500 SF Chevy Chase Circle Trophy Asset | High Barrier to Entry Market property located at 20 Chevy Chase Circle NW in Washington, DC. This offering represents a rare trophy investment opportunity, featuring a prominent regional brand with no remaining option periods. Additionally, the lease structure provides an opportunity to negotiate a new rental rate commencing in June 2027, creating a unique and compelling value-add investment.
In Cooperation With ParaSell, Inc. , A Licensed District of Columbia Broker - Lic. #REO200200610 BoR: Scott Reid - Lic. DC #BR98374626
FOR SALE DETAILS
PRICE
$9,144,000 USD
PRICE/SF
$871 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chevy Chase Circle Trophy Asset - Washington
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Loft/Creative Space
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,939 SF
ZONING
MU-3
APN/PARCEL ID
1860-0022
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202-573-2148
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202-573-2148
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