1407-1409 T Street NW
Washington, D.C. 20009
The Offering
Summary
- List Price $4,700,000
- Gross Building Area 8,400 SF
- Gross Leasable Area 6,153 SF
- Occupancy 59.31%
- Pro Forma Cap Rate 6.86%
- Year Built 2011
- Number of Tenants 3
- Zoning ARTS-3
- Maximum FAR 4.0 + IZ + Penthouse
- Maximum Above-Grade FAR 21,840 SF
Investment 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 59.31% 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. The vacant, street-level retail unit offers the opportunity for an owner/user to establish their business while collecting income from the other tenants.
Investment Highlights
• Diversified Income Stream | 4 Commercial Units Across 2 Levels
• Vacant 2,504-SF Street-Level Unit with Front Patio Space Conveying with All FF&E
• Minimal Landlord Responsibilities | All In-Place Tenants Have Urban-NNN Leases
• Significant Term Remaining on All Leases | No Expirations Before June 2031
• Highly Amenitized Area | Situated Near Trader Joe’s, Le Diplomate, Barcelona, Ted's Bulletin, and Soul Cycle
• Accessible by Numerous Transit Options Including 5 Metro Stations within 1 Mile
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