Transwestern’s Mid-Atlantic Capital Markets Group, as the exclusive advisor for the owner is pleased to present the opportunity to acquire 2233 Wisconsin Avenue, NW (the “Property”). This 5-story, 150,315 SF boutique office building with ground floor retail is located in the heart of the highly coveted Upper Georgetown submarket of Washington, DC. The Property is currently 87.4% occupied with an average lease term remaining of 4 years, 10 months. In 2015, it underwent $1.5 million dollar renovation, upgrading the lobby, restrooms, and common areas. This core-plus opportunity provides investors stable cash flow and upside through the lease-up of the existing vacancies coupled with the potential to grow existing office and retail below-market leases to market upon rollover. Furthermore, investors have the long term potential to capitalize on the Property’s additional density.
|10 Gb/s: Windstream|
|25 Mb/s: RCN and RCN Business Solutions|
|100 Mb/s: Comcast|
|100 Mb/s: Allied Telecom Group, LLC|
|25 Mb/s: MegaPath Corporation|
|10 Mb/s: Broadview Networks, Inc.|
|1.5 Mb/s: Verizon Washington, DC Inc.|
|3 Mb/s: Windstream|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.