WASHINGTON, DC-A four-year-old nearly 268,000-square-foot office building by the Navy Yard Metro is on the market for sale.
McFarlane Partners, which developed the office building with Monument Realty, has put the 90% leased 55 M St. SE, on the market for sale and has retained Eastdil Secured to market the property that is located a block from Nationals Park.
The building, which has been assessed at $112.8 million, is leased to government agencies, including the DC Department of Transportation, which leases approximately 150,000 square feet of space at the building, according to the Washington Business Journal. The Federal Aviation Administration also leases space at the property.
"This Class A office building offers investors an opportunity to secure cash flow from investment-grade tenants in a submarket that is rapidly evolving into one of D.C.'s premier live-work-play environments," Eastdil Managing Director John Kevill states. See story in the Washington Business Journal.
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