1851 9th St NW - Howard University - Washington, D.C. 29,934 SF Specialty Building Offered at $25,052,753 CAD in Washington, DC 20001
INVESTMENT HIGHLIGHTS
- 3% Annual Rent Increases
- Investment Grade Credit Rating (Fitch BBB) The Howard University
- $1.2M Building Renovation in 2012 - rooftop, HVAC, light fixtures, restrooms
- NNN passive land and building acquisition, 80% depreciable asset
- On-site property management contracted and paid by Howard University
- New commissary kitchen buildout by Howard University
EXECUTIVE SUMMARY
Investment Highlights
Fee Simple Ownership | NNN Lease | Ideal, Low-management and passive investment
• Fee simple investment includes ownership of land and building
• Investment Grade Credit Lease – Howard University (Fitch BBB)
• 85% of Acquisition Price are depreciable Improvements
• Howard contracts and pays for on-site property management (Lincoln Property Management)
• Howard pays CAM, RE taxes, insurance and maintains and manages most aspects of the property
• Landlord responsible for waterproofing the structure and replacement capital cost of exteriors.
• Quarter $Million in Capital improvements made and paid for by Howard University includes full commissary & catering kitchen build-out, paint, carpet and furniture
• 20’ ceiling height for the 1st Floor Auditorium, and 9-14’ ceiling heights for Lower Level to 4th Floor
New Campus Commissary and Catering Kitchen Buildout
• Food services and special events catering for the university will be prepared at this location
Prominent Location | Excellent Transportation Options
• Five-minute walk to two Metro Stations - Shaw/Howard Metro (5,000 daily riders) and U Street Metro (5,500 daily riders)
• 3 Minutes from the main Howard University campus
• Located in a highly walkable and bike-friendly area, with ample on-street parking
Fee Simple Ownership | NNN Lease | Ideal, Low-management and passive investment
• Fee simple investment includes ownership of land and building
• Investment Grade Credit Lease – Howard University (Fitch BBB)
• 85% of Acquisition Price are depreciable Improvements
• Howard contracts and pays for on-site property management (Lincoln Property Management)
• Howard pays CAM, RE taxes, insurance and maintains and manages most aspects of the property
• Landlord responsible for waterproofing the structure and replacement capital cost of exteriors.
• Quarter $Million in Capital improvements made and paid for by Howard University includes full commissary & catering kitchen build-out, paint, carpet and furniture
• 20’ ceiling height for the 1st Floor Auditorium, and 9-14’ ceiling heights for Lower Level to 4th Floor
New Campus Commissary and Catering Kitchen Buildout
• Food services and special events catering for the university will be prepared at this location
Prominent Location | Excellent Transportation Options
• Five-minute walk to two Metro Stations - Shaw/Howard Metro (5,000 daily riders) and U Street Metro (5,500 daily riders)
• 3 Minutes from the main Howard University campus
• Located in a highly walkable and bike-friendly area, with ample on-street parking
PROPERTY FACTS
| Price | $25,052,753 CAD |
| Price Per SF | $836.93 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 29,934 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1932/2025 |
| Tenancy | Single |
| Zoning | RF-1 - RF-1: Residential Flat |
AMENITIES
- Air Conditioning
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (80)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 0394-0874 | Improvements Assessment | $9,244,853 CAD |
| Land Assessment | $2,012,151 CAD | Total Assessment | $11,257,005 CAD |
