2052 West Virginia Ave NE - Warehouse FOR SALE


Washington, DC 20002- Ivy City
$7,000,000 USD
202-204-7845
2052 West Virginia Ave NE, Washington, DC for Sale
$7,000,000 USD
Warehouse - FOR SALE
1/13
null | Request Cap Rate

2052 West Virginia Ave NE
Washington, DC 20002
Ivy City


HIGHLIGHTS

  • Prime, First-Floor Space Available for Lease
  • 20% Mark-to-Market Opportunity
  • Net-Leased Industrial
  • Favorable PDR Zoning
  • Premium Branding Opportunity
  • Two Turns from NY Ave NE (Rt-50)

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 dock high 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.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

UTILITIES

Lighting, Gas, Water, Sewer, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

7

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33

LAND SF

57,935

ZONING

PDR-1

APN/PARCEL ID

4093-0822

ASK ABOUT THIS PROPERTY

Daniel GaffeyColliersMore Info
202-204-7845

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Daniel GaffeyColliersMore Info
202-204-7845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.