Collins Ege and John Kevill of Jones Lang LaSalle assisted the seller. Currently assessed at a value of $46.3 million, the property last changed hands three years ago in a $42.9-million transaction.

Located just a few blocks from George Washington University Hospital, 2021 K St. is fully leased, predominantly to tenants in the medical field. Occupants include Washington Radiology Associates, the Alliance for Aging Research and university-related offices. The eight-story building was originally developed in 1971 and underwent a renovation in 1992. Additionally, the property features a small ground-level retail element and a parking facility for about 250 vehicles. Jones Lang LaSalle had been marketing office space scheduled to become available next year for $42 per sf.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.