5301 Connecticut Avenue, NW Washington, DC
5301 Connecticut Avenue, NW Washington, DC Confidential Offering Memorandum Newly built residential development Offering Memorandum 5301 Connecticut Avenue, NW Washington, DC Table of contents 01. Executive Summary 3 02. Property Overview 5 03. Location Overview 13 04. Financial Analysis 19 05. Market Overview 27 Avison Young Capital Markets Group | Confidential Offering Memorandum 22 Offering Memorandum 01. Executive Summary 5301 Connecticut Avenue, NW Washington, DC The Offering Avison Young, as exclusive advisor to the owner, is pleased to present the opportunity to acquire 5301 Connecticut Avenue, NW (“5301 Connecticut” or the “Property”), a newly constructed, luxury Class-A apartment building located in Chevy Chase, DC. The Property, to be delivered in first quarter 2021, has 19 luxurious units, a mix of studio, 1-bedroom, and 2-bedroom units, averaging approximately 564 square feet per unit. Ideally located, in the Chevy Chase neighborhood of Washington, DC, the property offers residents numerous walkable amenities and neighborhood attractions in a vibrant and family-friendly community. Project Summary 5301 Connecticut Avenue NW Address Washington, DC 20015 Zoning RA-2 Gross Building Area 14,000 SF Stories 4 Delivery Q1 2021 Number of Units 19 Bedrooms 24 Net Rentatble Area 10,709 SF Average Unit Size 564 SF Avison Young Capital Markets Group | Confidential Offering Memorandum 33 Offering Memorandum 01. Executive Summary | Investment Highlights 5301 Connecticut Avenue, NW Washington, DC Limited Supply of New, Class A Product in Immediate Area In the Connecticut Avenue Northwest Submarket, there are only a handful of luxury, Class-A multifamily properties. The brand-new construction and luxury unit finishes with high ceilings and large windows will separate 5301 Connecticut from its competition.
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