1666 Connecticut Ave NW | Washington, DC 20009
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1666 Connecticut Ave NW
Washington, DC 20009
Office Property For Sale
Executive Summary
Prime Location at the Confluence of Prestigious Neighborhoods: 1666 Connecticut Avenue is situated at the meeting point of Dupont Circle and the prestigious Kalorama neighborhood.
Stable and Diverse Tenant Base: 81% leased to 11 diverse tenants with 7.8 years of WALT, enhancing long-term income stability.
Strong Anchor Tenancy & High Tenant Retention: Appalachian Regional Commission (38% of RBA) demonstrates its commitment by renewing its lease and expanding for the third time. Historically, the Property possesses 90% and 95% average occupancies over 15 and 30-year periods, respectively.
Excellent Connectivity: 2-Minute Walk from Dupont Circle Metrorail Station providing access to the Red Line of the DC Metrorail system.
Vibrant Surrounding Neighborhood: The surrounding residential neighborhoods, including Kalorama, Adams Morgan, and Georgetown, offer a vibrant cultural scene, boutique shops, trendy restaurants, and a bustling nightlife.
Ongoing Investment & Modernization: Significant investments have been made in tenant spaces, lobby, spec suite program, and common areas, totaling $3.5MM since 2020.
Flexible MU-20 Zoning: The Property’s MU-20 Zoning Offers the Potential for Exploring Long-Term Alternative Uses Including Residential and Hospitality Repositioning in a Neighborhood that has Proven Success.
Stable and Diverse Tenant Base: 81% leased to 11 diverse tenants with 7.8 years of WALT, enhancing long-term income stability.
Strong Anchor Tenancy & High Tenant Retention: Appalachian Regional Commission (38% of RBA) demonstrates its commitment by renewing its lease and expanding for the third time. Historically, the Property possesses 90% and 95% average occupancies over 15 and 30-year periods, respectively.
Excellent Connectivity: 2-Minute Walk from Dupont Circle Metrorail Station providing access to the Red Line of the DC Metrorail system.
Vibrant Surrounding Neighborhood: The surrounding residential neighborhoods, including Kalorama, Adams Morgan, and Georgetown, offer a vibrant cultural scene, boutique shops, trendy restaurants, and a bustling nightlife.
Ongoing Investment & Modernization: Significant investments have been made in tenant spaces, lobby, spec suite program, and common areas, totaling $3.5MM since 2020.
Flexible MU-20 Zoning: The Property’s MU-20 Zoning Offers the Potential for Exploring Long-Term Alternative Uses Including Residential and Hospitality Repositioning in a Neighborhood that has Proven Success.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
84,393 SF
Building Class
B
Year Built/Renovated
1962/2021
Percent Leased
62%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
12,340 SF
Slab to Slab
11 ft
Building FAR
6.46
Lot Size
0.30 AC
Zoning
MU-20,RA-8 - Mixed Use
Parking
60 Spaces (0.71 Spaces per 1,000 SF Leased)
Amenities
- Food Service
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 0093-0830 | Improvements Assessment | £16,235,010 |
| Land Assessment | £4,248,903 | Total Assessment | £20,483,913 |
PROPERTY TAXES
Parcel Number
0093-0830
Land Assessment
£4,248,903
Improvements Assessment
£16,235,010
Total Assessment
£20,483,913
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