2016 P St NW - Storefront Retail/Residential CONDO FOR SALE
Washington, DC 20036 |
2016 P St NW
Washington, DC 20036
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
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
2016 P Street NW - Units C1 & C2
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
7913
STORIES
4
YEAR BUILT
1918
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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