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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Building Area

Property Description

500 L’Enfant Plaza (“500 L’Enfant” or the “Property”), a 217,415 SF trophy office asset overlooking Washington DC’s Southwest Waterfront – the most dynamic and exciting mixed-use destination in the nation’s capital. This newly constructed LEED Gold® asset is 96% leased to 7 tenants with over 12 years of weighted average lease term (“WALT”) and serves as the Urban Institute’s global headquarters (65% of RBA) through 2034.

Investment Highlights

  • Iconic trophy office asset with exceptional visibility and overlooking Southwest DC
  • 96% leased with 12 years of WALT with a private sector tenant roster tied to the federal government, strong stability and cash yields
  • Serving as the global headquarters to Urban Institute (65% of RBA, Feb-34 LXD), Washington, DC's premier policy research firm with a history of over 50 years; occupied last HQ since establishment
  • Designed with intelligent efficiency for a superior tenant working experience - 360-degree floor-to-ceiling glass, virtually column free 20,000 SF floorplates, 9'+ ceiling heights
  • Ideal accessibility - direct indoor access to L'Enfant Metro Station (5 of 6 Metro lines), immediate vehicular access to I-395, and controlled-access bike storage room
  • Abundance of amenity offerings - entrance to L'Enfant Plaza's retail (50+ shops and restaurants, 120,000 SF) and blocks away from The Wharf (3.2 million SF mixed-use development)
  • Significant private sector demand in Southwest - Over 700,000 SF of recent private sector leasing, The Wharf achieving some of the District's top rents. Supply and demand fundamentals will continually strengthen while 500 L'Enfant is fully leased, embedded mark-to-market upside
  • The Property was delivered by JBG Smith, a world-class sponsor with a 50-year track record developing and operating the highest quality assets in the DC Metro. JBG Smith to deliver Amazon's HQ2 in the coming years
Last Updated Date: 12 Jul 2021
Jim Meisel
Jim Meisel
Senior Managing Director, Washington, D.C. Office Co-Head
License details
DC-SP100478 MD-521313 VA-0225049461
Matt Nicholson
Matt Nicholson
Managing Director
License details
DC-SP98369865 MD-641934 VA-0225191878

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Last Updated Date: 12 Jul 2021

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