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MR 1401 15th Street Retail LLC Acquires Church In Washington DC For $3.25M

Property Image
SOLD
$3,250,000
Danny Brooker
Benjamin Wilson
+ 1

Dc

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Church30,000 SF
Sold
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Property Image
SOLD

MR 1401 15th Street Retail LLC Acquires Church In Washington DC For $3.25M

1401 15th Street Northwest

See Similar Deals
Church30,000 SF
Sold
Danny Brooker
Benjamin Wilson
+ 1
Contact now

Summary

Asset Type:Church
Price Per Square Foot:$108
Total Square Footage:30000 SF
Transaction Type:Sale

A 15,000-square-foot church and parish house located at 1401-1405 15th Street Northwest, Washington, DC, has been sold for $3,250,000. The transaction was executed in a competitive market environment, indicating a notable interest in the property for potential redevelopment opportunities.

Summary of transaction details:

The sale was facilitated by the respective representatives from Monument Realty and Greysteel. Greysteel represented the seller, showcasing the property to a multitude of competitive offers, emphasizing its market appeal for diverse retail uses.

Players

Danny Brooker
1 deal$3.3M volume(202) 772-0530
BROKER

Rich Sillery
Monument Realty
3 deals$20.3M volume(202) 777-2005
BROKER

Benjamin Wilson
Greysteel
2 deals$12.3M volume(202) 499-4077
BROKER

Ian Weisz
Greysteel
1 deal$3.3M volume(202) 869-1743
BROKER

Details

SOLD
IMAGE: 04/07/2025 ADDRESS: 1401-1405 15th Street Northwest MARKET: Washington, DC ASSET TYPE: Church BUYER: MR 1401 15th Street Retail LLC SELLER: Central Atlantic Conference of the United Church of Christ BUYER'S REP: Danny Brooker & Rich Sillery - Monument Realty SELLER'S REP: Benjamin Wilson & Ian Weisz - Greysteel SALE PRICE: $3,250,000 SF: 15,000 ~ PPSF: $217 NOTE: Greysteel has sold a 15,000-square-foot church and parish house at 1401-1405 15th Street NW, Washington, DC, to MR 1401 15th Street Retail LLC for $3.25 million, with plans for redevelopment. The transaction, representing the Central Atlantic Conference of the United Church of Christ, involved multiple competitive offers, highlighting the property's strong appeal for various retail uses.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90