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Shipley Plaza Shopping Center 2275 Savannah St SE 16,362 SF 69% Leased Retail Building Washington, DC 20020 $6,500,000 ($397.26/SF) 6.26% Cap Rate
INVESTMENT HIGHLIGHTS
- 70% occupied neighborhood retail center at the SWC of Savannah St & 23rd St SE in the Randle Heights neighborhood of Washington, DC
- Attractive service oriented tenant mix supplemented by additional income from Solar
- Surrounded by a high density of existing residential and continuing growth driven by Skyland Town Center
- Opportunity for new ownership to add value through leasing of the vacant space
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
16,362 SF
Building Class
C
Year Built
1950
Price
$6,500,000
Price Per SF
$397.26
Cap Rate
6.26%
NOI
$407,054
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.92 AC
Zoning
MU-3A
Parking
24 Spaces (1.47 Spaces per 1,000 SF Leased)
Frontage
217’ on Savannah Street
AMENITIES
- Signage
- Air Conditioning
Transit Score®
Excellent Transit (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5897-0805 | Improvements Assessment | $876,510 |
| Land Assessment | $1,619,200 | Total Assessment | $2,495,710 |
PROPERTY TAXES
Parcel Number
5897-0805
Land Assessment
$1,619,200
Improvements Assessment
$876,510
Total Assessment
$2,495,710
CONTACTS
-
Benjamin Wilson -
Ian Weisz -
Donivan Okolita -
Yassi Ghashghai -
Burke McLaughlin -
Greysteel Holdings
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Shipley Plaza Shopping Center | 2275 Savannah St SE
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