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1614-1616 14 th St, NW DC

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

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1614-1616 14 th St, NW DC

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  1. 1614-1616 14th St, NW DC

  2. Trade Joes 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 • 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

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