Updated Aug 29, 2025
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
About this deal
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.
On the Map
$4,700,000
$293/SF
Industrial
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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