NAEYC currently occupies 41,478 square feet (49% of RBA) and will execute a short-term sale-leaseback at settlement. Although the Property is currently leased to 5 tenants, approximately 84% will become available after NAEYC’s departure with only one floor encumbered until November 2021. The Property is just blocks from McPherson Square, Metro Center, Farragut North, and Mt. Vernon Square Metrorail stations, making it easily walkable to all six Metrorail lines. It is also located near Massachusetts Avenue, which enables outstanding vehicular access and is within easy walking distance from Washington, DC’s most desirable residential neighborhoods of 14th and U Street corridor, Shaw, Logan Circle, and Dupont Circle.
Holliday Fenoglio Fowler, L.P. (“HFF”), as exclusive representative for Seller, the National Association for the Education of Young Children (“NAEYC”), is pleased to present this opportunity to purchase the NAEYC Headquarters at 1313 L Street, NW (the “Property”), an 84,040 square foot Class B office building that is prominently located in the East End submarket at the confluence of Washington, DC’s most desirable office and residential destinations. This location provides investors and/or users with unmatched optionality regarding the business plan that may be executed to create and maximize value.