Premier to Manage Prime DC Corner for Client

Capital One Building - 14th and U Streets, Washington, DC

Premier identified, contracted for, and managed the acquisition of one of the best corners in all Washington DC for a client needing to place multiple 1031 exchanges. The 7,500 square foot building at the corner of 14th Street and U Street had been recently renovated and the first floor is under long term lease to Capital One Bank. The upper two floors are leased to a fitness center and an art gallery. The deal closed at the end of July 2021. Sandy Spring Bank provided financing and Premier Management is providing asset and property management.