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2052 West Virginia Ave NE 36,000 SF 50% Leased Industrial Building Washington, DC 20002 $7,000,000 ($194.44/SF)
Investment Highlights
- Prime, First-Floor Space Available for Lease
- Net-Leased Industrial
- Premium Branding Opportunity
- 20% Mark-to-Market Opportunity
- Favorable PDR Zoning
- Two Turns from NY Ave NE (Rt-50)
Executive Summary
With two, five-year NNN leases signed in early 2024 for the entire top floor, and a rolling lease for the entire first floor, the Property presents a unique opportunity for investors and end-users to acquire a stable, cash-flowing asset with near-term vacancy.
Situated on 0.42-acres of PDR-1 zoned land, the Property benefits from direct access along West Virginia Ave NE for the first-floor tenant, and via a private alley off of 16th Street NE for the upper-level tenants. Built on-grade, the Property’s lower-level features three dock-high doors. The upper-level features four dock high doors and heavy floor loads which can accommodate the needs of storage and light distribution uses. All three suites are separately metered for water and electricity, with heavy power available in the first floor space.
Property Facts
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
-
$9.99
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Lorem Ipsum
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Jan 0000
Atlas Brew Works began in 2013 after Justin Cox turned a homebrewing passion into a brewery in Washington, DC, with roots in Ivy City. The company operates as a production brewery and taproom, making craft beers in a variety of styles and pairing some locations with Andy's Pizza. Atlas Brew Works has expanded across the DC metro area into Washington, DC and Virginia, with a flagship production brewery in Southeast DC and additional taproom activity in the region. The business also emphasizes solar power and other sustainability practices in brewing and packaging.
- Cotton & Reed
- Retailer
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99,999 SF
-
$9.99
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Lorem Ipsum
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Jan 0000
- Federal City Performing Arts Association, inc
- Arts, Entertainment, and Recreation
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99,999 SF
-
$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Cotton & Reed | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Federal City Performing Arts Association, inc | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
• First-floor industrial space – currently built out as craft brewery production facility & bar
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 18,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 18,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 18,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
• First-floor industrial space – currently built out as craft brewery production facility & bar
Property Taxes
| Parcel Number | 4093-0822 | Improvements Assessment | $4,836,280 |
| Land Assessment | $1,135,590 | Total Assessment | $5,971,870 |
Property Taxes
