$2,650,000 USD
202-869-1743
2016 P St NW
Washington, DC 20036
Dupont Circle
HIGHLIGHTS
- Absolute net leased retail condos in Dupont Circle with +6.5 and +6 years remaining on the leases and substantial outdoor cafe seating
- Both leases feature attractive 3% annual escalations in the primary base term and option periods
- Tenants pay for all expenses including taxes, insurance, condo fees, repairs, and maintenance
- Located on P Street NW, just west of the Dupont Circle Metro Station
- Easily self-managed with condo association handling many responsibilities and expenses reimbursed by the tenants
- Strong corner location in Dupont Circle, one of DC’s most attractive neighborhoods with growing rents
FOR SALE DETAILS
PRICE
$2,650,000 USD
PRICE/SF
$697 USD /SF
CAP RATE
6.89%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2016 P Street NW - Units C1 & C2
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
7,913 SF
STORIES
4
BUILDING CLASS
A
YEAR BUILT
1918
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
MU-5A/DC
APN/PARCEL ID
0096-0000-2074
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202-869-1743
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202-869-1743
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