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Washington DC   /   April 19, 2021

David Cohen
By: David Cohen

SRS Real Estate Brokers $8M Sale of Retail Property in D.C.

SRS Real Estate Partners’ National Net Lease Group has arranged the $8.3 million sale of a single-tenant retail property at 3131 M Street NW in Washington D.C.’s Georgetown neighborhood.

The 3,250-square-foot property is currently leased to Levain Bakery, which opened at the location in fall of 2020. Rick Fernandez and Andrew Fallon of SRS represented the seller, a local real estate investor specializing in buying and stabilizing distressed real estate. The buyer was a local real estate investor.

“This Levain Bakery-occupied asset in Georgetown is a perfect example of the new pandemic-driven demand for quick serve, low contact dining choices,” said Fernandez. “The prime, urban street-level storefront with a sidewalk full of pedestrians provides predictability of the income stream for the investor.”

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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.
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