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1350 I St NWWashington, DC 20005
1350 Eye
Asset ClassOffice
overview of deal

Overview

Cushman & Wakefield is pleased to offer for sale 1350 Eye Street NW (the “Property”), a 374,082 SF Class A office building located on the recently redesigned Franklin Square Park. At 81% leased with an 8.30-year weighted average lease term (WALT), investors have the opportunity to acquire a best-in-class asset at a reset basis. In-place rents are 25% below market, providing a compelling opportunity to grow income and value. The asset also generates more than $96 million of contractual cash flow, supporting in-place yields well above historical averages.

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Investment Highlights

Square Feet
374,082
% Leased
81%
Weighted Average Lease Term
8.3 Years

BELOW MARKET RENTS

 

COMPELLING MARKET DYNAMICS

 

8.30 YEAR WALT WITH SIGNIFICANT CONTRACTUAL CASH FLOW

 

BEST-IN-CLASS RENOVATION

 

PREMIER LOCATION & ACCESSIBILITY

1350 I St NWWashington, DC 20005

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