3029 Martin Luther King, Jr Ave, SE, Washington, DC, 20032 - Available for Sale

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Plaza-8

3029 Martin Luther King, Jr Ave, SE, Washington, DC 20032

Price Not Disclosed

9,402 SF | Office

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Office Property For Sale

Price:
Price Not Disclosed
Building Size:
9,402 SF
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Office Building
Institutional/
Governmental
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
6%
Occupancy:
100%
No. Stories:
3
Building Class:
B
Tenancy:
Multiple
Year Built:
2001
Lot Size:
6,420 SF
APN / Parcel ID:
5988-0092
Listing ID
18191437
Last Updated
17 days ago

Find Out More...

Highlights

  • Built in 2001 - Gorgeous 3 story building on major road (MLK, Jr Ave)
  • Blocks away from Cogress Heights Metro station
  • Blocks away from New DHS, Coast Guard, St. Elizabeth campus
  • DC Enterprise Zone and SBA HubZone location
  • Easy access from 295, 395 and 495
  • 12 Gated parking, elevator, security camera, access control systems in place

Description

CAP Rate 2013 6.00%
CAP Rate 2014 7.00% (projected)
CAP Rate 2015 8.30% (projected)

Built in 2001, this light-filled gorgeous 3-story building is professionally managed in heart of Anacostia Historical area. Building is just blocks away from the new DHS, Coast Guard, St. Elizabeth' s and the Congress Heights Metro. It' s perfect for a any type of medical use, defense contractor, accounting firm, financial services, attorneys, Technology Company, Non-profit org or service center.
Anchor Tenant: Children National Medical Center - occupies 2 floors.

Building is located conveniently from Martin Luther King Avenue and Malcolm X, convenient access to 295 and 395.

This is Enterprise Hub Zone. Lots of tax credits available.

Financial Summary

Map of 3029 Martin Luther King, Jr Ave, SE, Washington, DC 20032 (District of Columbia County)

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Presented by Vipin Desai
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Asking Price Index Trends for Washington, DC Office For Sale

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Plaza-8
  • Office
  • Price Not Disclosed
  • 9,402 SF