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1614-1616 14 th St, NW DC

1614-1616 14 th St, NW DC. Market Information. Trade Joes. Close to U Street Metro Submarket Anchors - Trader Joes - Whole Foods Local Restaurants - La D iplomate - Barcalona - Church Key - The Pig - Posto Over 1,000 new Apartments units in a 5 block radius

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1614-1616 14 th St, NW DC

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  1. 1614-1616 14th St, NW DC

  2. Market Information Trade Joes Close to U Street Metro Submarket Anchors - Trader Joes - Whole Foods Local Restaurants - La Diplomate - Barcalona - Church Key - The Pig - Posto Over 1,000 new Apartments units in a 5 block radius One of the hottest submarkets in DC Logan Circle Whole Foods

  3. FACTS • 1614-1616 14th Street, NW • Built 1900 * • 11,320 square feet * • 3,772 retail 1st level • 7,548 office/retail 2-3rd level • Current Condition • Retail spaces leased on month to month – Deli & Liquor store • 2-3rd floors are empty and in bad condition. Old Apartment that have had not been upgraded for roughly 5-10 years • Acquisition/Rehab Project • Purchase price - $3M ($265 PSF) • Renovation Budget $500K ($44 PSF) - Total rehab of all retail unit. Rehab Building exterior, upgrade plumbing, convert apartment units to office space Potential: • 3,772 retail - $50 psf - $161,350/year/NNN • 7,548 office - $25 psf – $188,700/year/NNN • Total – $350,050/year/NNN (estimated) * Per Costar

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