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1409 V St SEWashington, DC 20020
1409 V Street
Asset ClassSpecial Purpose
% Leased100%
Net Operating Income: $1.7 MillionLease-Term Remaining: 10 YearsRentable SF: 46,792Access Data Room
District of Columbia Fully Leased Property
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Overview

Newmark, as the exclusive representative for DC Prep, is pleased to present for sale 1409 V Street, SE, DC Prep’s Anacostia Elementary Campus.

 

Located on V Street between 14th and 15th Streets, SE, the building represents an unparalleled opportunity to purchase a newly expanded and renovated school in the Anacostia neighborhood of Washington DC.

 

The building is currently under lease to the District of Columbia for use by District of Columbia Public Schools (DCPS). The lease commenced in June 2024. with rent commencing in June 2025. The base term of the lease is ten years following rent commencement with one three year option.

 

1409 V Street is a 46,792 square foot building on a one acre lot. The building features a gymnasium, all purpose room, pre-K and elementary school classrooms, administrative spaces, a playground and 22 parking spaces. The original building was constructed in 1909 and was renovated and significantly expanded in 2018. The renovation cost exceeded $24,000,000.

 

The Anacostia neighborhood is undergoing tremendous growth guided by the Anacostia Waterfront Initiative. The Bridge District, the 11th Street Bridge Park and the Therme Wellness Company Development at Poplar Point are all examples of the $10 billion plan to restore and revitalize the Anacostia River and its surroundings. An additional 10 million square feet of development will be added to this submarket in the next 10 years.

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1409 V St SEWashington, DC 20020

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Listing provided by Revere CRE