Washington DC + DC + Retail | November 12, 2020

SRS Tapped to Sell Two-Property Washington D.C. Retail Portfolio

SRS Real Estate Partners’ National Net Lease Group has been tapped to sell a two-property retail portfolio in Washington D.C. Rick Fernandez and Andrew Fallon of SRS are representing the seller, Frederick Partners in the sale.

The fully-renovated properties include 1947 14th Street NW, which is leased to Capital One Bank, Workspace Powered by Cove and DC Row as well as 3131 M. Street NW in Georgetown, which is fully leased to Levain Bakery in its first expansion out of New York. The portfolio asking price is $25 million.

“This portfolio of fully leased, iconic real estate in the city’s strongest retail markets, offers a buyer long-term, corporate-guaranteed, triple net leases with virtually no landlord responsibilities,” said Fernandez.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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