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Chevy Chase Circle Trophy Asset - Washington 20 Chevy Chase Cir NW 10,500 SF Office Building Washington, DC 20015 $9,144,000 ($870.86/SF) 6% Cap Rate
Investment Highlights
- High barrier-to-entry market with a prominent regional brand.
- Exceptional visibility with exposure to over 80,000 VPD. Chevy Chase Circle is a major thoroughfare connecting NW Washington, DC and Chevy Chase, MD.
- Long & Foster was acquired by parent company Berkshire Hathaway in 2017 and operates over 180 offices throughout the Mid-Atlantic region.
- Tenant renewed the lease for an additional three years in June 2024.
- Affluent surrounding community with 201,458 residents within a 3-mile radius and an average household income of $258,785 within a 1-mile radius.
- Landlord-friendly lease with minimal ownership responsibilities.
Executive Summary
We are pleased to exclusively present for sale the 10,500 SF Chevy Chase Circle Trophy Asset | High Barrier to Entry Market property located at 20 Chevy Chase Circle NW in Washington, DC. This offering represents a rare trophy investment opportunity, featuring a prominent regional brand with no remaining option periods. Additionally, the lease structure provides an opportunity to negotiate a new rental rate commencing in June 2027, creating a unique and compelling value-add investment.
In Cooperation With ParaSell, Inc. , A Licensed District of Columbia Broker - Lic. #REO200200610 BoR: Scott Reid - Lic. DC #BR98374626
In Cooperation With ParaSell, Inc. , A Licensed District of Columbia Broker - Lic. #REO200200610 BoR: Scott Reid - Lic. DC #BR98374626
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built
1956
Price
$9,144,000
Price Per SF
$870.86
Cap Rate
6%
NOI
$548,604
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
10,500 SF
Building FAR
0.75
Lot Size
0.32 AC
Zoning
MU-3 - Mixed Use
Parking
6 Spaces (0.57 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chevy Chase Circle Trophy Asset
- Real Estate
- 10,500 SF
- $52.25
- Triple Net
- May 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chevy Chase Circle Trophy Asset | Real Estate | 10,500 SF | $52.25 | Triple Net | May 2027 |
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Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 1860-0022 | Improvements Assessment | $4,485,100 |
| Land Assessment | $1,824,860 | Total Assessment | $6,309,960 |
Property Taxes
Parcel Number
1860-0022
Land Assessment
$1,824,860
Improvements Assessment
$4,485,100
Total Assessment
$6,309,960
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Chevy Chase Circle Trophy Asset - Washington | 20 Chevy Chase Cir NW
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