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840 1st St NE
Washington, DC 20002
Union Center Plaza Ph 5 · Office Property For Sale
Investment Highlights
- Rare opportunity to acquire a 253,164 RSF, completely freestanding office building at an attractive basis.
- Located at the political power center of the United States Government, just five minutes from the US Capitol and congressional office buildings.
- Located within the vibrant NoMa neighborhood: NoMa’s 35 blocks include 10.2 million SF of office space, almost 12,000 residential units, and 600,000
- Phenomenal bones that are perfectly suited for a full-building user or multi-tenanted configuration, or conversion to an alternative use
- One block to Union Station, featuring daily Amtrak/Acela trains to the northeast corridor, Red line metro access, and 52+ retailers and restaurants.
- Walkable to Union Market and Mount Vernon Triangle’s rapidly growing restaurant scene.
Executive Summary
Constructed in 2003, the 12-story office building is free-standing, features 23,000 RSF floor plates, and boasts excellent views of the iconic DC skyline. Existing tenants include The Children’s Defense Fund (8.7% of RBA through Aug-30) and the Brady Campaign to Prevent Gun Violence (6.5% of RBA through Nov-30). The asset is 15% leased today, with 4.1 years WALT to these two tenants.
Located one block from Union Station in the vibrant NoMa neighborhood, 840 First Street NE offers an exceptional location that combines convenient transportation options with the energetic atmosphere of NoMa. With 85 daily Amtrak and Acela trains departing from Union Station, professionals have seamless access to key cities and business centers. The nearby Red Line Metro provides efficient travel throughout the Washington, DC Metro area.
NoMa is known as the hip, smart center of the nation’s capital, offering free outdoor WiFi, excellent walkability, and a variety of transit options. Within NoMa’s 35 blocks, there is 10.2 million SF of office space, almost 12,000 residential units, and 600,000+ SF of neighborhood-serving retail, including REI’s flagship store. The vibrant dining scenes at Union Station, Union Market, and Mount Vernon Triangle, combined with the convenient transportation options and energetic charm of the neighborhood, make 840 First Street NE an excellent location for businesses in Washington, DC.
840 First Street NE offers a rare and coveted opportunity to secure ownership of a prime office asset at an attractive basis. Considering the Property’s strategic location minutes from the US Capitol Building and other essential government buildings, acquiring this Property presents an exceptional investment and long-term value proposition.
Property Facts Under Contract
Amenities
- Bus Line
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Security System
- Energy Star Labeled
- Food Service
- Air Conditioning
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 0675-0850 | Improvements Assessment | $71,083,430 |
| Land Assessment | $16,841,530 | Total Assessment | $87,924,960 |
Property Taxes
