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Shipley Plaza Shopping Center 2275 Savannah St SE 16,362 SF 69% Leased Retail Building Washington, DC 20020 $9,073,480 CAD ($554.55 CAD/SF) 6.26% Cap Rate



INVESTMENT HIGHLIGHTS
- 70% occupied neighborhood retail center at the SWC of Savannah St & 23rd St SE in the Randle Heights neighborhood of Washington, DC
- Attractive service oriented tenant mix supplemented by additional income from Solar
- Surrounded by a high density of existing residential and continuing growth driven by Skyland Town Center
- Opportunity for new ownership to add value through leasing of the vacant space
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
16,362 SF
Building Class
C
Year Built
1950
Price
$9,073,480 CAD
Price Per SF
$554.55 CAD
Cap Rate
6.26%
NOI
$568,215 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.92 AC
Zoning
MU-3A
Parking
24 Spaces (1.47 Spaces per 1,000 SF Leased)
Frontage
217’ on Savannah Street
AMENITIES
- Signage
- Air Conditioning
Transit Score®
Excellent Transit (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5897-0805 | Improvements Assessment | $1,235,967 CAD |
| Land Assessment | $2,283,234 CAD | Total Assessment | $3,519,201 CAD |
PROPERTY TAXES
Parcel Number
5897-0805
Land Assessment
$2,283,234 CAD
Improvements Assessment
$1,235,967 CAD
Total Assessment
$3,519,201 CAD
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Shipley Plaza Shopping Center | 2275 Savannah St SE
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