WASHINGTON, DC-The District of Columbia paid $15.3 million for 95 M St. SW, a three-story 38,311-sf office. It has been 100% leased to the District of Columbia Government Department of Motor Vehicles.

Jayne Shister, senior vice president, Cassidy & Pinkard, represented seller United Way of the National Capital Area. The property provides future mixed-use redevelopment opportunities of 195,552 sf under existing C-3-A zoning and the potential for additional density through a Planned Unit Development process.

The office is close to the Washington Navy Yard and four blocks from the Department of Transportation’s new headquarters facility in the Southeast Federal Center. It is also three blocks from where the Washington Nationals baseball team is expected to play in a new stadium in 2008.

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