1407-1409 T St NW
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1407-1409 T St NW
6,153 SF Retail Building Washington, DC 20009 $5,000,000 ($813/SF) 6.63% Cap Rate
Investment Highlights
- Rare 100% Leased Multi-Tenant Commercial Opportunity in One of Washington, D.C.'s Most Prestigious Neighborhoods
- Strong surrounding tenant base that includes some of the most popular retailers, restaurants, and bars in Washington, D.C
- Located just three blocks from the U Street/African-Amer Civil War Memorial/Cardozo Metro station serving the Green line
Executive Summary
Feldman Ruel is pleased to offer for sale 1407-1409 T Street NW, a multi-tenant, mixed-use property located in the heart of Logan Circle just off of the 14th Street Corridor. The subject property is fully leased and home to multiple retail and office tenants providing a diversified income stream with minimal landlord responsibilities due to the urban-NNN lease structures.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,153 SF
Building Class
B
Year Built
2012
Price
$5,000,000
Price Per SF
$813
Cap Rate
6.63%
NOI
$331,500
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Land Acres
0.10 AC
Zoning
ARTS-3 - The ARTS-3 zone is intended to permit medium-density, mixed-use development,
with a focus on employment.
Frontage
33 FT on T Street NW
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Security deposit is one months rent
| Space | Size | Space Use | Position | Available |
| 201 | 1,080 SF | Office | - | Now |
201
| Size |
| 1,080 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
201
| Size | 1,080 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Security deposit is one months rent
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 0205-0075 | Improvements Assessment | $3,031,800 |
| Land Assessment | $2,088,200 | Total Assessment | $5,120,000 |
PROPERTY TAXES
Parcel Number
0205-0075
Land Assessment
$2,088,200
Improvements Assessment
$3,031,800
Total Assessment
$5,120,000
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Adam Costanzo -
Ian Ruel -
Josh Feldman -
Feldman Ruel
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1407-1409 T St NW
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