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.
IMPRESSIVE RENOVATION
DURABLE TENANCY
UPSIDE POTENTIAL
TRANSFORMING M STREET CORRIDOR