Fully Renovated T-Mobile Anchored 2 Tenant Retail Property
Herndon, VA – Calkain’s Urban Investment Advisory team of Rick Fernandez and Andrew Fallon recently signed an exclusive listing to bring 1406 14th Street NW in Washington, DC to market. The generational asset is ideally located along the booming 14th Street corridor near Logan Circle. The 5,100 square foot fully renovated building is 100% net leased to T-Mobile and En Vogue Nail Bar.
Offered for sale is the fee simple ownership of the real estate under landlord friendly leases with structured rent increases. Fernandez, Senior Managing Director at Calkain, stated, “Retail in DC has consistently performed well, and 1406 14th Street NW provides investors an opportunity to own a trophy Logan Circle retail property at the gateway to the dense 14th Street retail corridor.” Fallon, Executive Managing Director, added, “the property is ideally situated just off the intersection of Rhode Island Ave and 14th Street, where rents continue to grow and considerable redevelopment continues to improve the immediate block.” More information on this asset can be found here.
Calkain is a commercial real estate brokerage specializing in assisting buyers and sellers of single and multi-tenant net-leased properties. Calkain delivers a global buying audience to a highly sought after, client focused platform that covers all aspects of the transaction including advisory, brokerage, asset management, capital markets and research. Additional information about the firm and listings may be found at www.calkain.com.