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$53.0M NPL secured by a Leasehold Interest in 4000 Wisconsin Ave NW, Washington DC


Cushman & Wakefield, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire a $53 million non-performing loan secured by a Leasehold Interest in 4000 Wisconsin Ave NW, Washington D.C., a 491,311 SF mixed-use property with approximately 1,000 parking spaces.


Investment Highlights:


  • High-Profile Redevelopment Opportunity - Improvements vacated by Fannie Mae following corporate relocation and now available for re-leasing or redevelopment.
  • Irreplaceable In-Fill Location - Dense, urban location with very limited pool of development sites nearby and high barriers to entry.
  • Growing Gateway City - Washington D.C. is a Tier 1 city in North America characterized by consistent demand for employment and population growth.
  • Strong Market Fundamentals - Reported growth and increasing rental rates for all property types within the submarket.
  • Metro Accessible - Ideally situated within walking distance from the Tenleytown Metro stop.
  • City Ridge Development Site Adjacent - Major transformation of adjacent 10-acre site by Roadside Development to a modern “Urban Village” is underway featuring a highly anticipated Wegmans and 652 residential units in Phase I.
  • Desirable Affluent Northwest Washington, D.C. Location - Median incomes are some of the highest in the country and residents seek out NW Washington, D.C. neighborhoods due to proximity to employment base, ease of access/commute, and abundant amenities.
  • Ideal Mixed-Use Configuration - Potential for seamless conversion to Multifamily, Hotel, or Office use with supporting amenities. Includes several retail and dining suites as well as a gym and meeting/event space.



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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

$53.0 million NPL secured by a Leasehold Interest in 4000 Wisconsin Ave NW, Washington DC

Washington, DC


Asset Snapshot

  • Asset Type
  • Note (Leasehold)
  • Loan Status
  • Non-Performing
  • Original Balance
  • $53,000,000
  • Unpaid Balance (UPB)
  • $53,000,000
  • UPB As Of Date
  • Mar 28, 2019
  • Maturity Date
  • Apr 01, 2018
  • Note Rate
  • 6.33%
  • Land Area
  • 4.16 Acres
  • Year Built
  • 1988
  • Number of Floors
  • 5
  • Number of Buildings
  • 1
  • Parking Count
  • 1,001
  • Occupancy
  • 0%
  • Occupancy as of
  • Feb 28, 2019
  • Mixed Uses
  • Retail, Office
  • Total Property Size
  • 491,311 Sq Ft
  • Retail Information
  • Retail Type
  • Neighborhood Center
  • Anchor
  • No
  • Property Size
  • 63,308 Sq Ft
  • Office Information
  • Office Type
  • CBD Office
  • Property Size
  • 428,003 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.


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