An 11-story edifice with three underground floors of parking, 1015 18th St. is 32-years-old and underwent a thorough renovation just a few years ago. It carries a 2003 assessed value just short of $18.2 million. With a variety of tenants such as The Federalist Society, law firm Katz & Ranzman, Metro Water District, and YWCA Headquarters, the office structure is 87% occupied with space leasing for approximately $34-per-sf.
"Washington, DC is one of the strongest markets in the country for investment real estate," Harbor Group chairman and CEO Jordan E. Slone says of the acquisition. "Plenty of government jobs have stimulated the economy in the area, and few real estate investment opportunities are available due to high demand."
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