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2052 West Virginia Ave NEWashington, DC 20002
2052 W Virginia Ave NE
Asset ClassIndustrial
For Sale & For Lease (18,000 SF of First Floor Industrial Available)
overview of deal

Overview

Colliers International Inc., as owner’s exclusive advisor, is pleased to offer for sale and lease 2052 W Virginia Ave NE, (“Property”), a two-level 36,000 square-foot industrial facility located in Washington, DC in the hyper-infill Ivy City industrial submarket.

 

With two, five-year NNN leases signed in early 2024 for the entire top floor, and a rolling lease for the entire first floor, the Property presents a unique opportunity for investors and end-users to acquire a stable, cash-flowing asset with near-term vacancy.

 

Situated on 0.42-acres of PDR-1 zoned land, the Property benefits from direct access along West Virginia Ave NE for the first-floor tenant, and via a private alley off of 16th Street NE for the upper-level tenants. Built on-grade, the Property’s lower-level features three dock-high doors. The upper-level features four dockhigh doors and heavy floor loads which can accommodate the needs of storage and light distribution uses. All three suites are separately metered for water and electricity, with heavy power available in the first floor space.

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Investment Highlights

PRIME, FIRST-FLOOR SPACE AVAILABLE FOR LEASE

18,000 sf of first-floor space will become vacant in August, 2025

 

20% MARK-TO-MARKET OPPORTUNITY

for investors seeking immediate value-add returns

 

NET-LEASED INDUSTRIAL

in Highly Desirable DC urban infill Ivy City industrial submarket

 

FAVORABLE PDR ZONING

with flexible and diverse By-Right Uses, protected in future Comprehensive Plan

 

PREMIUM BRANDING OPPORTUNITY

for new first-floor tenant

 

TWO TURNS FROM NEW YORK AVE (RT-50)

and minutes from other major thoroughfares (US-1 & B/W Pkwy)

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2052 West Virginia Ave NEWashington, DC 20002
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Listing provided by Revere CRE