1614-1616 14 th St, NW DC
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1614-1616 14 th St, NW DC
description
1614-1616 14 th St, NW DC. Trade Joes. Logan Circle. Whole Foods. FACTS. 1614-1616 14 th Street, NW Built 1900 * 11,320 square feet * 3,772 retail 1 st level 7,548 office/retail 2-3 rd level Condition – Retail spaces leased on month to month – Deli & Liquor store - PowerPoint PPT Presentation
Transcript of 1614-1616 14 th St, NW DC
1614-1616 14th St, NW DC
Trade Joes
Whole FoodsLogan Circle
FACTS• 1614-1616 14th Street, NW• Built 1900 *• 11,320 square feet *
– 3,772 retail 1st level– 7,548 office/retail 2-3rd level
• 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
• Purchase price - $3M – Budget $500K renovations – Purchase Price - $265 PSF, Renovations - $44 PSF Potential:– 3,772 retail - $50 psf - $161,350/year/NNN– 7,548 office - $25 psf – $188,700/year/NNN– Total – $350,050/year/NNN (first year stabilized)
* Per Costar
