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.
BELOW MARKET RENTS
COMPELLING MARKET DYNAMICS
8.30 YEAR WALT WITH SIGNIFICANT CONTRACTUAL CASH FLOW
BEST-IN-CLASS RENOVATION
PREMIER LOCATION & ACCESSIBILITY