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Chevy Chase Circle Trophy Asset - Washington 20 Chevy Chase Cir NW 10,500 sq ft Office Property Washington, DC 20015 £6,925,699 (£659.59/sq ft) 6% Net Initial Yield
Investment Highlights
- High barrier-to-entry market with a prominent regional brand.
- Exceptional visibility with exposure to over 80,000 VPD. Chevy Chase Circle is a major thoroughfare connecting NW Washington, DC and Chevy Chase, MD.
- Long & Foster was acquired by parent company Berkshire Hathaway in 2017 and operates over 180 offices throughout the Mid-Atlantic region.
- Tenant renewed the lease for an additional three years in June 2024.
- Affluent surrounding community with 201,458 residents within a 3-mile radius and an average household income of $258,785 within a 1-mile radius.
- Landlord-friendly lease with minimal ownership responsibilities.
Executive Summary
We are pleased to exclusively present for sale the 10,500 SF Chevy Chase Circle Trophy Asset | High Barrier to Entry Market property located at 20 Chevy Chase Circle NW in Washington, DC. This offering represents a rare trophy investment opportunity, featuring a prominent regional brand with no remaining option periods. Additionally, the lease structure provides an opportunity to negotiate a new rental rate commencing in June 2027, creating a unique and compelling value-add investment.
In Cooperation With ParaSell, Inc. , A Licensed District of Columbia Broker - Lic. #REO200200610 BoR: Scott Reid - Lic. DC #BR98374626
In Cooperation With ParaSell, Inc. , A Licensed District of Columbia Broker - Lic. #REO200200610 BoR: Scott Reid - Lic. DC #BR98374626
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Property Size
10,500 sq ft
Costar Property Class
C
Year Built
1956
Price
£6,925,699
Price per sq ft
£659.59
Yield
6%
NOI
£415,515
Tenancy
Single
Number of Floors
3
Typical Floor Size
10,500 sq ft
Plot ratio
0.75
Total Plot Size
0.32 ac
Use Class
MU-3 - Mixed Use
Parking
6 Spaces (0.57 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease Type
- Lease End
- Chevy Chase Circle Trophy Asset
- Real Estate
- 10,500 sq ft
- £39.57
- NNN
- May 2027
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease Type | Lease End | |
| Chevy Chase Circle Trophy Asset | Real Estate | 10,500 sq ft | £39.57 | NNN | May 2027 |
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1860-0022 | Improvements Assessment | £3,397,031 |
| Land Assessment | £1,382,156 | Total Assessment | £4,779,186 |
Property Taxes
Parcel Number
1860-0022
Land Assessment
£1,382,156
Improvements Assessment
£3,397,031
Total Assessment
£4,779,186
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Chevy Chase Circle Trophy Asset - Washington | 20 Chevy Chase Cir NW
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