Office

2100 M Street NW : Washington DC

LOCATION Washington, DC
SALE PRICE $35,000,000
GROSS LEASABLE AREA 298,067 SQFT
PRICE/SQFT $117.42
STORIES 8
BUILT 1969
TYPICAL FLOOR 34,855 rentable SQFT
PARKING Below grade parking for 213 vehicles
SELLER Charles E. Smith Company
MAJOR TENANTS Urban Institute
FCC
George Washington University
CLOSING ISSUES GSA leases with right to terminate clauses
Deferred maintenance
MAJOR TENANTS Kmart

Identified, underwrote and was an integral part of negotiations for the purchase of 2100 M Street. Pending expirations represented upside through below market rents. Buyer implemented a successful renovation program and subsequently sold the property for $56.6 million after a 3-year hold.


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