504 K STREET NW, WASHINGTON, D.C. 20001

MPRE 641 - REAL ESTATE FINANCIAL STATEMENT ANALYSIS, ROBERT BARNARD

504 K STREET NW, WASHINGTON, D.C. 20001

Site Details

Location: 504 K Street NW, Washington, D.C. 20001

Market: Gallery Place/Chinatown

Year Built: 1931

SF: 12,000 SF

% Leased: 50%

Sale Price: $1,965,000

Value-Add Opportunity:

1. Rehabilitation: Renovate the interior of the building to accommodate modern retail and office. Re-face the exterior of the building to capture blend the historic feel of the building with modern architecture.

2. Lease-up: Fill renovated space with strong credit tenantsMPRE 641 - REAL ESTATE FINANCIAL STATEMENT ANALYSIS, ROBERT BARNARD