3927–3929 4Th Street SE Washington, D.C

3927–3929 4th Street SE Washington, D.C.

OFFERING SUMMARY

Investment Summary

Year Built 1942

Units 8

Construction Brick Façade

Zoning R3

Total Rentable SF 6,372 SF ST. ELIZABETHS REDEVELOPMENT (1.2 MILES)

The Opportunity Improving Infrastructure Rare vacant 8-unit building in the burgeoning Congress Congress Heights has experienced a boon in Heights neighborhood. Already gutted and framed, development with development plans calling for over the property will allow new ownership to complete the 1,000 residential units and 1 million square feet of project, in a short amount of time. retail. Projects underway include the Congress Heights Town Center, St. Elizabeths East, Terrance Manor Vacant Asset Redevelopment, and the Wheeler Renaissance. The asset will be delivered vacant. In the District of Columbia, vacancy can be a benefit to the purchaser as it allows the Recent Renovations owner to implement their value add strategy day one. The property has undergone recent construction that will likely reduce future costs for new ownership. The TOPA-Free Asset property has already been gutted, framed, and heavied Because of the vacancy, the transaction is exempt from up (150 amps per unit), saving the purchaser both the D.C.’s Tenant Opportunity to Purchase Act (TOPA) reducing time and capital necessary to complete the project. the escrow period substantially and eliminating additional expenses common during tenant negotiations. Above Average Lot Size The buildings sit on a larger than average lot size for Unused/Underutilized Square Footage comparable buildings in the area. With a combined lot This building features substantial unused gross square size of 26K SF, the property has the ability to maximize footage in the lower level. Already excavated and value through various value add strategies. underpinned, the unused square footage will allow the purchaser to increase their return on investment by recapturing the space into revenue-produce area.

CONDON TERRACE SE

3927–3929 4th Street SE Washington, D.C. 20032

60 59 59 BIKE SCORE WALK SCORE TRANSIT SCORE (Bikeable) (Somewhat Walkable) (Good Transit)

CONSTRUCTION Framing Stick-Built Exterior Brick Façade Stories 3 Parking Street Units 8 Roof Flat Buildings 2 Windows Dual-Pane Year Built 1942

LOT SIZE TYPE OF OWNERSHIP NEIGHBORHOOD ZONING PARCEL 26,216 SF Fee Simple Congress Heights R3 6153-0000-0064 & 6153-0000-0073

CURRENT UNIT MIX

NO. OF RENTABLE POTENTIAL TO CONGRESS HEIGHTS WITH WITHOUT UNIT STATUS UNITS SF ADD BDR? APPROVED HCVP RENTAL RATES UTILITIES UTILITIES Two-Bedroom 8 650 Yes Vacant One-Bedroom $1,279 $1,202 Two-Bedroom $1,557 $1,360 Three-Bedroom $2,089 $1,893 Four-Bedroom $2,248 $2,036 Five-Bedroom $2,644 $2,432

UTILITIES TAXES

UTILITY POWER PAID TAX TOTAL TAX TAXES SERVICE PROVIDER SERVICE SOURCE BY YEAR ASSESSED VALUE RATE PAID Heat Gas Resident Washington Gas 2020 $682,460 0.85% $5,801 Cooking Gas Resident Washington Gas Hot Water Gas Property Washington Gas Air Conditioning Electric Resident PEPCO Lights and Plugs Electric Resident PEPCO Water/Sewer - Property DC Water

CONGRESS HEIGHTS METRO STATION

WASHINGTON, D.C.

MARYLAND ST. ELIZABETHS EASTOVER SHOPPING CENTER HOSPITAL REDEVELOPMENT SITE WHEELER ROAD SE SOUTHEAST TENNIS AND FEREBEE LEARNING HOPE MARTIN CENTER RECREATION SOUTHERN AVENUE SE LUTHER CENTER KING, JR. ELEMENTARY SCHOOL 3927–3929 4TH OXON RUN STREET SE POOL 4TH STREET SE BALLOU STAY HIGH SCHOOL MARTIN LUTHER KING JR AVENUE SE MALCOLM X AVENUE SE AVENUE MALCOLM X

SOUTH CAPITOL WILLIAM O. STREET SHOPPING 295 LOCKRIDGE/ CENTER BELLEVUE REDEVELOPMENT NEIGHBORHOOD LIBRARY

JOINT BASE ANACOSTIA-BOLLING

CONGRESS HEIGHTS METRO 4TH STREET SE STREET 4TH

1-MILE

A6 A8 SOUTHERN AVENUE SE 3927–3929 4TH STREET SE

295 MARYLAND

CONNECTIVITY A4 I-495 (1.9 Miles)

I-295 (0.7 Miles)

Downtown Washington, D.C. (5.2 Miles)

National Harbor (3.5 Miles)

Suitland Metro Station (4.0 Miles)

Congress Heights Metro (1.3 Miles) Station ROUTE 210 (1.9 MINS TO 495) I-395 (3.6 Miles) Ronald Reagan Washington (2.3 Miles) National Airport

TRANSIT © 2021 Greysteel MAP ST. ELIZABETHS REDEVELOPMENT (1.2 MILES) • The former Saint Elizabeth’s Hospital is undergoing a massive redevelopment that has split up the 350-acre plot into two campuses—East and West.

East Campus: • Features St. Elizabeth’s East Entertainment and Sports Arena, a $69 million, 118,000-square-foot multi-purpose events facility with 4,200 seats • 183 acres of the East campus will be used for a new mixed-use ST. ELIZABETHS development. It will incorporate several historic buildings along with REDEVELOPMENT newly constructed commercial, residential, academic, and institutional buildings • Plans call for 1.5 million square feet of office space, 350,000 square feet of retail space, 1,300 residential units, and 400 hotel rooms. At the core of the redevelopment is a high-tech Innovation Hub used for shared research, academic, and technology development purposes 1.2 MILES West Campus: 26-MINUTE WALK • Features the newly built, 1.2 million-square-foot Douglas A. 5-MINUTE DRIVE Munro Coast Guard Headquarters. The 11-story office building 16-MINUTE BUS RIDE consolidates 24 Washington, D.C. offices into one site that houses VIA ROUTE W1 4,000 employees. It also features an 800,000-square-foot, roughly 2,000-space parking garage • West campus will also hold the new $3.9 billion, 4.5 million-square- 3927–3929 4TH foot U.S. Department of Homeland Security headquarters. It is STREET SE currently under construction and once completed will also hold 1.5 million square feet of structured parking. The new headquarters will consolidate 22 departments into one campus and house roughly 14,000 employees • The DHS facility is the largest construction project undertaken by the U.S. government since the Pentagon during World War II

21 214 14 4 695 5 18 20 22 33 2 1 495

395 28 1 34 3 11 6 23 9 7 25

32 29 15 AND PA 295 SUITL RKW 27 AY

8 3927–3929 4TH CAPITAL VIRGINIA 24 STREET SE BELTWAY 4 5 30 16 5-MILE

19 10 31

AREA MAP

DEVELOPMENTS 10 Joint Base Andrews 18 Fort Dupont Park 28 Penn Station Shopping Center

1 11th Street Bridge 11 Suitland Federal Center/Development 19 MGM National Harbor 29 Potomac Yard Center

2 Audi Field EDUCATION 20 Nationals Park 30 Rivertowne Commons Marketplace 3 Department of Homeland Security 21 RFK Stadium 31 Tanger Outlet National Harbor 12 Georgetown University 4 Hill East Development 22 The Yards Park 32 The Shops at Iverson 13 George Washington University 5 The Wharf DC 33 Washington Navy Yard 14 Prince George’s Community College SHOPPING & RESTAURANTS 6 Town Square at Suitland 23 Centre at Forestville TRANSIT Federal Center MEDICAL SERVICES 24 Eastover Shopping Center 34 Ronald Reagan Washington 7 Washington Wizards Practice Facility 15 United Medical Center National Airport 25 Marlow Heights Shopping Center GOVERNMENT PARKS & RECREATION Suitland Metro Station 26 National Harbor 8 BridgePoint Hospital National Harbor 16 AMC Rivertowne Movie Theater 27 Penn Mar Shopping Center 9 Joint Base Anacosita-Bolling 17 FedEx Field

INVESTMENT SALES CONTACTS CAPITAL MARKETS CONTACTS

NIGEL CRAYTON HERBERT SCHWAT W. KYLE TANGNEY JACK WHITMAN Senior Associate | Investment Sales Director Senior Managing Director Associate | Capital Markets 202.919.9400 202.618.3419 202.280.2730 202.602.6304 [email protected] [email protected] [email protected] [email protected] D.C. SP200202305 D.C. SP98377485 D.C. SP98369974 D.C. SP200205686

7735 Old Georgetown Road | Suite 301 | Bethesda, MD 20814 202.280.2722 | www.greysteel.com

D.C. License No: LL98371301 Principal Broker | Ari Firooabadi | BR98371298

For more information or to inquire about Greysteel, please contact Ari Firoozabadi, CEO | [email protected] | 202.417.3873 Offices Nationwide | License Information and Online Disclosures

Greysteel, seller, and their respective representatives make no representations or warranties, express or implied,regarding the accuracy or completeness of the information in this Offering. All references to acreage, square footage, distance, and other measurements are approximations and must be independently verified. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This Offering is subject to prior placement, withdrawal, cancellation or modification without notice.