Sunbelt Rentals Sells Industrial Property At 3031 8th Street NE Washington DC For $4.7M
3031 8th Street Northeast
$4,700,000
$293/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Aug 28, 2025
AI
The industrial property located at 3031 8th Street Northeast in Washington, DC, was sold for $4,700,000. The asset spans 16,000 square feet, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Address: 3031 8th Street Northeast
- Market: Washington, DC
- Square Footage: 16,000
- Price Per Square Foot: $294
- Seller: Sunbelt Rentals
- Broker Representatives: Pierce Kreutzer & Aaron Carroll - KLNB
KLNB facilitated the sale, representing Sunbelt Rentals in the transaction. Additionally, Steve Cole from NAI Mertz was involved in the brokerage aspect of the deal.
Players
Washington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93