2012 K Street
Midtown
2012 K Street
Region: Midtown
Use: Office / Retail
Lease or Sale: Lease & Sale
Building Size: ±12,800 SF
Sale Price: $3,300,000
Leasable SF: 1,273 - 12,800 SF
Lease Rate: $1.00 - 2.50 / SF / Month
Turton Commercial Real Estate is pleased to offer 2012 K Street for sale or lease in the heart of Midtown’s most vibrant retail and entertainment corridor. The Property provides best in class retail and office opportunities with ± 5,435 SF of first floor retail available, including one second generation retail suite and one “back of house” warehouse space with a roll up door accessing K Street/L Street alley. The second story is home to ± 6,800 SF creative office space, accessed directly off K Street with an exclusive lobby and elevator service, and hosting unique features such as hardwood floors throughout, outdoor patios, and skylights providing ample natural light.
The Property is being offered for sale at $3,300,000 indicative of pricing equivalent to approximately $258 per SF on the building. An owner-user Buyer could occupy a portion or all of the Property for their own business and lease out any unutilized SF to create an income generating investment. Alternatively, an investor, who is likely the most logical Buyer for the asset, will find the second-generation retail improvements, unique office space, and unbeatable location of the Property all to lead to an attractive lease up and stabilization opportunity.
Suites
Unit: 1st Floor Retail
Size: 4,162 SF
Rate: $2.25 SF/Month
Lease Type: NNN
Unit: 1st Floor Alley High Bay Suite
Size: 1,273 SF
Rate: $1.00 SF/Month
Lease Type: NNN
Unit: 2nd Floor Office + Mezzanine
Size: 6,800 SF
Rate: $2.50 SF/Month
Lease Type: Full Service
Unit: Whole Building
Size: 12,800 SF
Rate: Negotiable
Lease Type: NNN