kings court se 15th street se 14th street se · 2019. 12. 12. · kings court portfolio 29, 30, 32,...
TRANSCRIPT
-
Kings Court Portfolio29, 30, 32, 34, 36, & 38 Kings Court SE | Washington, D.C. 20003
Investment Highlights
OFFERING SUMMARY
KINGS COURT SE
14TH STREET SE
15TH STREET SE
• RF-1 zoned development site with 14,907 SF of land located in Capitol Hill and two blocks from Foulger-Pratt’s Beckert’s Park redevelopment project
• Within walking distance to three Metro Stations: Potomac Ave Metro to the south (.3 miles), Stadium Armory Metro to the east (.4 miles), and Eastern Market Metro to the west (.6 Miles)
• Excellent proximity to Foulger-Pratt’s Beckert’s Park redevelopment of 325 luxury apartments, 8,500 SF of retail, and a 60,000 SF Safeway delivering Summer 2020
• Existing buildings are commercially rented as artist studios with an NOI of $132,994 which can be used to cover carrying costs while pursuing plans and permits
• Sellers are open to alternative deal structures such as joint venture opportunities, seller financing, closing with permits in place, etc. - all proposals will be entertained
Investment SummaryPrice Unpriced (JV & Seller Financed Structures will be considered)
Offering Type Artist Studio / Garage / Residential Redevelopment
Rentable SF 11,629 SF
Current NOI $136,053
Pro Forma NOI $140,827
Lot Size 14,907 SF
Zoning RF-1
Frontage Alley
Roof/Renovation 2011
APN 1060-0000-0015, 0099, 0105, 0056, 0104 & 0025
-
© 2017 Greysteel
SALES FINANCEBENJAMIN W. [email protected]
IAN WEISZSenior Investment Associate202.869.1743 [email protected]
BRENDAN SCANLONSenior Director 202.803.5810 [email protected]
For more information or to inquire about Greysteel, please contact Ari Firoozabadi, President & CEO ([email protected] | 202.417.3873)
Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified.
© 2019 Greysteel / 9
PENNSYLVANIA AVENUE SE
POTOMAC AVENUE STATION
BELL CAPITOL HILL - 1717 E. CAPITOL ST SE• Units: 139• GBA: 117,848 SF• Year Built: 2013• Developer: Merion Group LLC
KENTUCKY AVENUE SE
MASSACHUSETTS AVENUE NE
LOCAL RETAIL & DEVELOPMENT MAP / 9
KINGS COURT PORTFOLIO
BECKERT’S PARK - 415 14TH ST SE• Units: 325• GBA: 100,000 SF• Year Built: Under Construction• Developer: Foulger-Pratt CompaniesLOCKWOOD APTS - 1339-1355 E ST SE
• Units: 145• GBA: 138,646 SF• Year Built: Under Construction• Developer: Insight Property Group LLC
THE BUCHANAN SCHOOL - 1324 E ST SE• Units: 41• GBA: 50,000 SF• Year Built: 2017• Developer: Ditto Residential LLC
UNDER CONSTRUCTION COMPLETED
STADIUM-ARMORY STATION
11TH STR
EET SE
E. CAPITOL STREET NE
INDEPENDENCE AVENUE SE
E STREET NE
14TH STR
EET SE
D STREET NE
C STREET NE
19TH STR
EET SE
LOCAL RETAIL & DEVELOPMENT MAP
7735 Old Georgetown Road • Suite 301 • Bethesda, MD 20814
202.280.2722 • www.greysteel.com
New York • Los Angeles • Dallas • Fort Worth • Washington D.C.* • Philadelphia • Phoenix • Denver • Baltimore • Charlotte • Norfolk
MD License No: 667996
*Corporate Headquarters and Transaction Services Center