Single Tenant Distribution Warehouse | 1110 U St SE
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Single Tenant Distribution Warehouse 1110 U St SE
7,200 SF Industrial Building Washington, DC 20020 $4,320,300 CAD ($600 CAD/SF) 6% Cap Rate
Executive Summary
• Key Gopuff distribution facility with close access to major highways and crossroads (155,700 VPD)
• Recent 10-year lease extension to run through 2034 with 1, 5-year option
• 3% annual rental increases
• Corporate net lease guaranteed by GoBrands, Inc.
• Gopuff is a leading, on-demand shopping service delivering food, beverages, snacks and everyday essentials
• Adjacent to $25M, 50,500 SF mixed-use MLK Gateway development
• Average household income of $112,758, within 1 mile of the property
• Long term redevelopment potential in a dramatically improving historic D.C. neighborhood
• Recent 10-year lease extension to run through 2034 with 1, 5-year option
• 3% annual rental increases
• Corporate net lease guaranteed by GoBrands, Inc.
• Gopuff is a leading, on-demand shopping service delivering food, beverages, snacks and everyday essentials
• Adjacent to $25M, 50,500 SF mixed-use MLK Gateway development
• Average household income of $112,758, within 1 mile of the property
• Long term redevelopment potential in a dramatically improving historic D.C. neighborhood
Property Facts
Amenities
- Fenced Lot
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Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (79)
PROPERTY TAXES
Parcel Number | 5770-0830 | Improvements Assessment | $1,028,905 CAD |
Land Assessment | $833,765 CAD | Total Assessment | $1,862,670 CAD |
PROPERTY TAXES
Parcel Number
5770-0830
Land Assessment
$833,765 CAD
Improvements Assessment
$1,028,905 CAD
Total Assessment
$1,862,670 CAD
zoning
Zoning Code | MU-7,PDR-1 (MU-7B, PDR) |
MU-7,PDR-1 (MU-7B, PDR) |
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Single Tenant Distribution Warehouse | 1110 U St SE
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