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| 40 unit Apartment| Washington, DC |
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North West DC |
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Washington, DC 20016 |
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Purchase Price |
$4,591,014 |
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Cap Rate |
7.00% |
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Property Type |
Multi-Family |
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Rentable Square Feet |
37,095 |
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Price per RSF |
$123.76 |
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Number of Tenants |
40 |
| | | Property Description |
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Alive with activity, Columbia Heights is one of
DC’s most diverse and urban neighborhoods.
The catalysts fueling its transformation are
the addition of several major retailers, a revived arts
scene and exciting new residential projects.
More than 3,280 residential units are either under
construction or have been built since 2001 in this
exciting community. The opening of DC USA, a
500,000 square foot urban retail and entertainment
center anchored by Target, is ushering in a new crowd
of residents, employers, retailers and tourists.
Columbia Heights is the densest neighborhood in
DC, housing more than 37,000 residents within a half-
Why Columbia Heights mile. The neighborhood’s stability, access to public transportation and proximity to the downtown core offers retailers a wealth of opportunities.
The restoration of the Tivoli Theatre, the opening
of the 53,000 sq. ft. Giant Food grocery store and
the development of residential and retail projects
such as Kenyon Square and Highland Park have all
sparked new energy and excitement that Columbia
Heights is ready to share. |
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| Presented To You By |
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Anthony Bolling, JD, CCIM
240-737-5000
anthony@anthonybolling.com
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The information above has been obtained from sources believed reliable. While
we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property.
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