Casa De Montecristo - Washington, D.C. | 1132 19th St NW
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Casa De Montecristo - Washington, D.C. 1132 19th St NW
6,900 SF Retail Building Washington, DC 20036 $5,787,000 ($839/SF) 6.25% Cap Rate
Investment Highlights
- Located in the heart of the Golden Triangle CBD (K Street, DuPont Circle, Connecticut Ave)
- Full building and systems renovation in 2016
- Walking distance to four Metro stations (Farragut North, Farragut West, Foggy Bottom and DuPont Circle)
- Nearly 400,000 residents and 776,000 employees support the trade area
Executive Summary
Early lease renewal to extend term 10 years to 2034
Tax Advantage - $4.3M of Acquisition is Depreciable Building
3% annual rent increases starting April 2027
- Corporate guarantee for the full term of the NNN lease
- Market rent
- One of only 6 establishments in DC to allow smoking
- Full building and systems renovation in 2016
- Massive air exchange and air filtration system added in 2018
- Prime location with 33 million square feet of office space, 85,000 daytime workers
- Walking distance to four Metro Stations (Farragut North & West, Foggy Bottom and DuPont Circle)
Tax Advantage - $4.3M of Acquisition is Depreciable Building
3% annual rent increases starting April 2027
- Corporate guarantee for the full term of the NNN lease
- Market rent
- One of only 6 establishments in DC to allow smoking
- Full building and systems renovation in 2016
- Massive air exchange and air filtration system added in 2018
- Prime location with 33 million square feet of office space, 85,000 daytime workers
- Walking distance to four Metro Stations (Farragut North & West, Foggy Bottom and DuPont Circle)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,900 SF
Building Class
B
Year Built/Renovated
1928/2018
Price
$5,787,000
Price Per SF
$839
Cap Rate
6.25%
NOI
$361,694
Tenancy
Single
Building Height
3 Stories
Building FAR
3.00
Land Acres
0.05 AC
Frontage
19 FT on 19th St NW
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0117-0872 | Improvements Assessment | $3,360,720 |
| Land Assessment | $1,094,830 | Total Assessment | $4,455,550 |
PROPERTY TAXES
Parcel Number
0117-0872
Land Assessment
$1,094,830
Improvements Assessment
$3,360,720
Total Assessment
$4,455,550
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Rick Fernandez -
Andrew Fallon -
SRS Real Estate Partners
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Casa De Montecristo - Washington, D.C. | 1132 19th St NW
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