WASHINGTON, DC-DC's Chinatown market continuesto post a steady supply of trades, illustrating the growinginterest in this tiny part of the city. The newest trade is thesale of 740 6th St., NW, a 12,130-square footmixed use property.
Marcus & Millichap Real Estate Investment Services'Stacey Milam and Peggy Brooks Smithmarketed the property on behalf of the seller, a family partnershipthat has owned the property since the early 1900's. The buyer is adeveloper, and was secured and represented by Brooks Smith andMilam.
The building has nine rental units consisting of restaurants onthe first and part of the second floors and office tenants on thebalance of the second and upper floors. It is located on the sameblock as the Verizon Center with entrances to 2 Metro stops.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
