825-829 7th St NW - Office FOR SALE


Washington, DC 20001- Chinatown
$8,820,000 USD
202-286-1542
825-829 7th St NW, Washington, DC for Sale
$8,820,000 USD
Office - FOR SALE
1/9
null | 7% Cap Rate

825-829 7th St NW
Washington, DC 20001
Chinatown


HIGHLIGHTS

  • 2-Tenant Streetfront Asset | WALT - 9.7 Years | Net Leases |Scheduled 2.5% - 3% Annual Rent Increases | Options to Extend
  • Located Along 7th Street NW | Heart of Chinatown | Positioned 2 Blocks From Capital One Arena (20,000 Seats)
  • Walter E. Washington Convention Center (42,000 Seats) | Nearby Metro Stations (Gallery Place & Mt. Vernon Triangle)
  • Affluent Consumer Base | Strong Demographics

OVERVIEW

• The property totals 15,623 SF and is 100% leased to two tenants, offering a complementary mix of necessity-based and experiential uses in the heart of Chinatown and Downtown Washington, D.C. • The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams • With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026 • Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor • Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement

FOR SALE DETAILS

PRICE

$8,820,000 USD

PRICE/SF

$588 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Mixed-Use Asset

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

D-5-R

APN/PARCEL ID

0453-0029,0453-0030,0453-0031

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.