1500 Franklin St NE | Washington, DC 20018
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- LoopNet Team
1500 Franklin St NE
Washington, DC 20018
100% Leased DC-Infill VA Clinic / Annual Rent · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% LEASED TO DEPT. OF VETERAN AFFAIRS with 8.00 years of weighted average lease term
- ASSUMABLE, SELF-AMORTIZING LOAN at a 4.207% rate
- CLOSEST OUTPATIENT CLINIC TO THE VA HOSPITAL located 1.4 miles from the Washington VA Medical Center
- LONG-TERM INCOME SECURITY bolstered by 4.35% NOI growth (10-year CAGR)
- SCARCITY VALUE one of only two VA Health facilities in DC
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
14,177 SF
Building Class
B
Year Built/Renovated
1948/2022
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
4,725 SF
Slab To Slab
9’
Building FAR
0.94
Lot Size
0.35 AC
Zoning
MU-4
Parking
27 Spaces (1.8 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Property Manager on Site
- Kitchen
- Reception
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
PROPERTY TAXES
| Parcel Number | 4021-0014 | Improvements Assessment | $2,804,900 |
| Land Assessment | $1,445,400 | Total Assessment | $4,250,300 |
PROPERTY TAXES
Parcel Number
4021-0014
Land Assessment
$1,445,400
Improvements Assessment
$2,804,900
Total Assessment
$4,250,300
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