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Off Market
1/4

729 15th St NW
Washington, DC 20005


HIGHLIGHTS

  • Historic, boutique building in the heart of the East End.
  • Ornate lobby entrance and limestone façade.
  • Walkable neighborhood amenities
  • Close proximity to McPherson Square & Metro center
  • Tenant conference amenity

OVERVIEW

The iconic Securities Building offers unprecedented full floor office ownership opportunities a block from The White House. With direct access right off the elevator, each of the 3,400 square foot floors provides full floor identity with the added advantages of being a wholly owned condominium unit. Owning office space at 729 15th Street, NW begins with the historic limestone façade and ornate two-story entrance lobby. The Securities Building is a 9 story distinctively DC building with individually metered and controlled HVAC units. The lower level of the building is a dedicated common area that offers a large conference room, bike racks, and two restrooms of which one has a shower. Ideal for smaller associations and entrepreneurial small business owners, this centrally located office space is within easy walking access to the McPherson Square, Metro Center, Farragut West, and Farragut North Metro stops. The ownership advantage of office space in this size range has never before been available so close to the heart of downtown Washington. As opposed to rent-paying tenants, 729 15th Street owners will be able to lock in a mortgage instead of a lease with its inherent annual escalations while at the same time building equity through principal curtailment (paying down the mortgage) and potential price appreciation. In 2021 over half of the 25 associations with the largest annual budgets in the Washington, DC area owned their office space. The time is now for smaller associations and not-for-profits to enjoy the same budget stability in a premiere location.

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

Securities Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

36668

STORIES

9

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

0.09 AC AC

LAND SF

4,074 SF

ZONING

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APN/PARCEL ID

0222-0012