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Available to Registered Users
Opportunity to participate in JOSS Realty Partners' investment in a stabilized boutique office and retail property prominently situated in amenity rich Upper Georgetown/Glover Park generating approximately 7.6% of projected average annual cash flow. Core plus coupon clipper and one of the preferred office buildings for small tenants desiring value alternative. JOSS Realty Partners purchased this property in 2014, and this is an opportunity for new investors to purchase up to 8.2% of equity from existing investors.
The Class B office market has been growing increasingly supply constrained as buildings are taken out of supply to be repositioned to Trophy or Class A and demand for Class B product has remained strong as emerging sectors such as tech, media, healthcare, nonprofits & education continue to seek new office space.
Steady cash flowing mixed use office/retail property 87% occupied by a diverse mix of tenants with no single tenant accounting for more than 11% of the total rentable square footage.
Stable tenant base with room to boost occupancy and raise rates.
Retail tenants are a diverse mix including restaurants, hardware, beauty salon, yoga, and fine furniture.
Office tenants are a diverse mix including medical, media, embassies, architects, insurance agencies, and others.
Residential repositioning upside with potential of adding up to 59,000 FAR sf of density.
Available to Accredited Investors:
Upper Georgetown is a vibrant 24/7 urban locale with a high walkability rating for shopping, hotels, restaurants, and bars. The average household income in the submarket is over $150k which is the highest median household income in the country. The neighborhood caters to over 15,000 households and top notch schools. 70,700 net new jobs were added in Metropolitan DC at the close of 2016 with growth most robust in high-income office-using sectors.
Available to Accredited Investors:
Below are some of the most frequently asked questions about this offering.
The first projected distribution is scheduled for November 2017.
Distributions are scheduled to go out on a quarterly basis.
Yes, non-US residents are welcome to apply.
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RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.
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Send JOSS Realty Partners LLC and/or RealCrowd a message. If you have a question about this offering ask JOSS Realty Partners LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.
In the meantime, you can create an account to view detailed information about Cash Flowing DC Office Property.
In the meantime, please review the offering documents and financials.
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Thank you for your interest in this commercial real estate investment offering. Unfortunately, SEC regulations prevent us from allowing you to invest at this time.Go Back
Remember that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
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RealCrowd is excited to announce a new classification system for sponsors that utilize our platform. Historically we have included all qualified sponsors in one class based on meeting our minimum thresholds of experience, both in time as a principal in the real estate business as well as portfolio and transaction value.
The new classification system of sponsor qualifications aims to further increase the amount of opportunities investors will have access to and provide more information as to the qualifications of the sponsorship.
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