On behalf of the owner, HFF is marketing for sale 1025 Thomas Jefferson Street, a 317,248-square-foot, Class A office building in the heart of Washington, D.C.’s Georgetown submarket, one of the most sought after submarkets in the nation’s capital.
The commercial property for sale fronts K Street between 30th and Thomas Jefferson Streets and is situated directly across from the Georgetown Waterfront Park, the C&O Canal and Washington Harbour, downtown Washington, D.C.’s most iconic mixed-use waterfront destination. Additionally, the property is two blocks from the M Street corridor, Georgetown’s renowned retail, dining and entertainment area.
Recently, the eight-story building underwent $5.2 million in capital improvements, including new lobbies, elevator cabs, common area corridors, restrooms and parking garage improvements. 1025 Thomas Jefferson Street is currently 96 percent leased to 22 tenants. There are numerous balconies throughout the property on the fourth, fifth and seventh floors with the seventh floor featuring an expansive 6,300-square-foot private terrace overlooking the Potomac River.
Georgetown Office Building Investment Benefits
- Institutional Quality Asset: The building features classic Georgetown architecture with an all-brick façade and two beautifully-landscaped multi-level courtyards with fountains. The commercial property for sale’s upper floors offer an extensive window line and sweeping panoramic views of iconic Washington, D.C. landmarks, including the Washington Monument, Kennedy Center, historic Georgetown and the Potomac River. The building features on-site amenities such as a Metorail shuttle, fitness facility, deli and below-grade parking.
- Superior Washington, D.C. Market Fundamentals: According to the latest report from the Association of Foreign Investors in Real Estate (AFIRE), the Washington, D.C. metro area remains a top market within the U.S. due to its strong market fundamentals, stable tenant base and significant barriers to entry. As of the first quarter of 2016, Georgetown’s office market boasts 5.9 percent total vacancy, which leads both downtown Washington, D.C. and the greater D.C. metropolitan region. Georgetown is an ideal option for tenants seeking discounted Class A office space relative to D.C.’s central business district and East End, where Class A rents are approaching $70 per square foot and full-service and trophy rents have surpassed $60 per square foot, triple net lease.
- Amenity-Rich 24-Hour Georgetown Location: Positioned along the Potomac River, Georgetown possesses some of the region’s most historical and iconic architecture and produces one of the most distinguishable skylines in the Washington, D.C. metropolitan region. The office building for sale in Georgetown provides tenants a live-work-play environment with access to an array of designer shopping, luxury hotels and fine dining. 1025 Thomas Jefferson Street has K Street frontage near Washington Harbour, which recently underwent a $50 million renovation to improve retail and restaurant experiences and add a fountain capable of light and water shows and an ice skating rink open during winter months. Two blocks south of the property is M Street with Barneys New York, Chanel, Ralph Lauren, Morton’s The Steakhouse, Café Milano, The Ritz-Carlton Georgetown, Four Seasons and more. Ample transportation options exist in the area.
- 96 Percent Leased with Anchor Tenant: The office building is 96 percent leased to 22 tenants with a weighted average lease term of 6.3 years, affording new investors stable, long-term cash flows. Anchored by data analytics firm Palantir Technologies through March 2026, the property’s in-place tenancy offers investors exceptional term and credit. Approximately 50 percent of the building is leased through 2021 and beyond. The large and flexible floorplates appeal to a diverse mix of large and small tenants, including American Institutes for Research, Carlton Fields, Education Development Center and Combined Properties, seeking a unique identity in the heart of Georgetown.
1025 Thomas Jefferson Street is an office building for sale in Washington, D.C.’s historic Georgetown area. For more information on this or other commercial real estate listings in the D.C. area, contact HFF Executive Managing Director Stephen Conley, Senior Managing Directors James Meisel, Stephen “Dek” Potts, Jr. and Andrew Weir or Associate Director Matt Nicholson in HFF’s Washington, D.C. office.