Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1930
Building Area
Occupancy 100.0 %

Property Description

Historic, "Urban Target"-anchored lifestyle center located in NW Washington DC's Cleveland Park retail sub-market

Investment Highlights

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer for sale the 100% fee simple interest in Sam’s Park & Shop (the “Property” or “Offering”), a 50,355 square foot shopping center located in Cleveland Park, one of Washington DC’s most exclusive neighborhoods. This 100% leased, iconic shopping destination enjoys impeccable positioning on the “PM side” of Connecticut Avenue (26,786 VPD) with over 320 feet of frontage along this primary commuting corridor, as well as a rare surface parking lot in Northwest DC. Anchored by Target, the Property effectively services the affluent residents of Northwest Washington, DC ($181,763 AHHI within a 1-mile radius) with a comprehensive mix of grocery, convenience goods, finance, service, and food and beverage tenants. Sam’s Park & Shop resides in a high-density, residential neighborhood with 31,950 residents within a 1-mile radius but only 524,000 square feet of retail space.
Last Updated Date: 14 Sep 2020
Susan Carras
Susan Carras
Senior Managing Director, Capital Markets
License details
DC-BR694571 MD-2385 VA-0225019010
Jordan Lex
Jordan Lex
Senior Director, Capital Markets
License details
DC-SP98373803 MD-647016 VA-0225189318

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 14 Sep 2020

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.