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1615 M St NW, Washington, DC 1625 M St NW, Washington, DC 1215 17th St NW, Washington, DC
Sumner Square
Asset ClassOffice
Square Feet216,947
% Leased: 93%Weighted Average Lease Term: 9 YearsAccess Data Room
overview of deal

Overview

Cushman & Wakefield is pleased to offer for sale Sumner Square (the "property") a 216,947 SF Classs A Office that underwent a $11.4 million capital improvement campaign over the past several years.

 

At 93% leased with a 9-year weighted average lease term (WALT), the property delivers durable cash flow and returns approximately 90% of the investment via contractual income. Further, in-place rents are 28% below marke rents, presenting an investor with a significant opportunity to unlock income and value upside.

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Investment Highlights

IMPRESSIVE RENOVATION

 

DURABLE TENANCY

 

UPSIDE POTENTIAL

 

TRANSFORMING M STREET CORRIDOR

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1615 M St NWWashington, DC 20036

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