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2016 P St NW - 2016 P Street NW - Units C1 & C2 3,800 SF Retail Condo Unit Offered at $3,614,918 CAD in Washington, DC 20036
Investment Highlights
- Absolute net leased retail condos in Dupont Circle with +6.5 and +6 years remaining on the leases and substantial outdoor cafe seating
- Tenants pay for all expenses including taxes, insurance, condo fees, repairs, and maintenance
- Easily self-managed with condo association handling many responsibilities and expenses reimbursed by the tenants
- Both leases feature attractive 3% annual escalations in the primary base term and option periods
- Located on P Street NW, just west of the Dupont Circle Metro Station
- Strong corner location in Dupont Circle, one of DC’s most attractive neighborhoods with growing rents
Property Facts
| Total Building Size | 7,913 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,900 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1918 |
| Building Class | A | ||
| Zoning | MU-5A/DC | ||
| Total Building Size | 7,913 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | A |
| Floors | 4 |
| Typical Floor Size | 1,900 SF |
| Year Built | 1918 |
| Zoning | MU-5A/DC |
Amenities
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
- Smoke Detector
1 Unit Available
Unit C1/C2
| Unit Size | 3,800 SF | Sale Type | Investment |
| Price | $3,614,918 CAD | Cap Rate | 6.89% |
| Price Per SF | $951.29 CAD | NOI | $249,067.85 CAD |
| Condo Use | Retail |
| Unit Size | 3,800 SF |
| Price | $3,614,918 CAD |
| Price Per SF | $951.29 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| NOI | $249,067.85 CAD |
Description
- Absolute net leased retail condos in Dupont Circle with +6.5 and +6 years
remaining on the leases and substantial outdoor cafe seating
- Both leases feature attractive 3% annual escalations in the primary base
term and option periods
- Tenants pay for all expenses including taxes, insurance, condo fees, repairs,
and maintenance
- Located on P Street NW, just west of the Dupont Circle Metro Station
- Easily self-managed with condo association handling many responsibilities
and expenses reimbursed by the tenants
Strong corner location in Dupont Circle, one of DC’s most attractive
neighborhoods with growing rents
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
1 of 5
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2016 P St NW - 2016 P Street NW - Units C1 & C2
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