2900 K St NW - Office FOR SALE
Washington, DC 20007 |
2900 K St NW
Washington, DC 20007
HIGHLIGHTS
- Unique investment opportunity representing the leasehold acquisition of five floors of commercial office condominiums and underground parking.
- With the Property currently 70% leased and dropping to 11% in 2023, an investor could create tremendous value through the lease up of the vacancies.
- Easy to execute office condo conversion option by offering vacancies immediately after purchase and continuing to add units as leases roll.
- This unique setting could attract any number of owner occupants like its sister building which the Swedish Embassy occupies.
- With the Property’s MU-13 zoning and the top two floors of the Property already high-end residential condos, an investor could build out the balance.
- Under its current zoning, the Property could be converted to multifamily rental units or student housing.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Harbourside
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
129269
STORIES
5
BUILDING CLASS
A
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
133
LAND DETAILS
LAND ACRES
1.4 AC AC
LAND SF
60,984 SF
ZONING
-
APN/PARCEL ID
1171-2011
