6833 4th St NW - Medical FOR SALE


Washington, DC 20012
$19,000,000 USD
202-644-8700
6833 4th St NW, Washington, DC for Sale
$19,000,000 USD
Medical - FOR SALE
1/2
null | 5% Cap Rate

6833 4th St NW
Washington, DC 20012


OVERVIEW

Avison Young’s U.S. Capital Markets Group, as the exclusive advisor to the owner, is pleased to offer the opportunity to purchase “Children’s - Takoma Theatre”. Located at 6833 4th Street NW in Washington, DC, the property is currently occupied by Children’s National Medical Center for use as a state-of-the-art pediatric facility for behavioral health and medicine, hearing, speech, and autism. Previously operating as a live performance venue, Takoma Theatre is best known for Chris Rock’s famous 1996 HBO Comedy Special, “Bring the Pain,” which won two Emmys and a Grammy Award. The property is a DC treasure and is listed on the National Register of Historic Places. SIGNIFICANT TENANT INVESTMENT Children’s National Medical Center invested roughly $11 million of their own money into the build out of the space, along with the Landlord’s tenant allowance 100% LEASED TO CREDIT TENANT Children’s Hospital maintains investment grade credit with an S&P: A+ rating and Moody’s: A1 rating NNN LEASE The lease provides an investor with no landlord responsibilities EASE OF ACCESSIBILITY A dedicated parking lot serves the property and the Metro is just two blocks away

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$821 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C2A

APN/PARCEL ID

3280-0031

ASK ABOUT THIS PROPERTY

Tim FarrellAvison YoungMore Info
202-644-8700

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

Tim FarrellAvison YoungMore Info
202-644-8700

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