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1602 L St NW
Washington, DC 20036
Office Property For Sale
Investment Highlights
- Class A building located within two blocks of the White House
- The building offers a stunning façade, floor to ceiling glass lines on three (3) sides, parking, and state of the art building systems
- Rare opportunity for organization seeking to own state of the art building for its own occupancy
- The finest boutique office building in Washington, DC, receiving the NAIOP Award of Excellence, Best High-Rise
- Located just off 16th Street, the Avenue of the Presidents, one of Washington, DC’s most beautiful and venerated boulevards
- Reposition & lease to commercial office tenants capitalizing on property’s singular location and ability to offer smaller tenants full floor identity
Executive Summary
As Office:
• USER / OWNER OCCUPANT: Rare opportunity for organization seeking to own state of the art building for its own occupancy.
• OFFICE INVESTOR: Reposition and lease to commercial office tenants capitalizing on property’s singular location and ability to offer smaller tenants full floor identity. Opportunity for office condo conversion.
As a Conversion to Residential:
• Superb and unique downtown location
• Efficient floor plates offering a range of unit programming
• Boutique property reducing either lease up or outsales risk
• Limited supply of both rental and for sale product in immediate area
• USER / OWNER OCCUPANT: Rare opportunity for organization seeking to own state of the art building for its own occupancy.
• OFFICE INVESTOR: Reposition and lease to commercial office tenants capitalizing on property’s singular location and ability to offer smaller tenants full floor identity. Opportunity for office condo conversion.
As a Conversion to Residential:
• Superb and unique downtown location
• Efficient floor plates offering a range of unit programming
• Boutique property reducing either lease up or outsales risk
• Limited supply of both rental and for sale product in immediate area
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
52,498 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2007
Percent Leased
Vacant
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
6,004 SF
Slab To Slab
11’
Building FAR
8.03
Lot Size
0.15 AC
Zoning
D-6
Parking
22 Spaces (0.42 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
Property Taxes
| Parcel Numbers | Improvements Assessment | $19,756,900 | |
| Land Assessment | $14,042,420 | Total Assessment | $33,799,320 |
Property Taxes
Parcel Numbers
Land Assessment
$14,042,420
Improvements Assessment
$19,756,900
Total Assessment
$33,799,320
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