Chinatown Row 704-718 7th St NW

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Chinatown Row (the “Property”) – a 48,083 SF urban mixed-use property located along 7th Street in the heart of Washington, DC’s Gallery Place-Chinatown entertainment district. This “beachfront” 24-7 location places the Property just steps away from the to-be-renovated Capital One Arena – home to the Wizards and Capitals – and Gallery Place, a 488,801 SF mixed-use asset adjacent to the arena soon-to-be anchored by Monumental Sports & Entertainment (“Monumental”) for a myriad of uses as part of Capital One Arena’s $800 MM+ reimagination.
Chinatown Row is currently 33% leased to 5 tenants with 7.2 years WALT, affording investors a unique value-add opportunity through a full re-tenanting of all remaining vacancy – 26,840 SF of office and 5,487 SF of retail. Investors will immediately benefit from the Property’s significant in-place cash flow, and its full basis reset should afford investors significant upside by capitalizing on the recent uptick in tenant activity associated with Monumental’s recommitment to the East End and the Arena’s pending renovation.