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3031 8th Street Northeast

Sunbelt Rentals Sells Industrial Property At 3031 8th Street NE Washington DC For $4.7M
SOLDIndustrial

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

Aaron Carroll

KLNB

Broker

$91.1M

vol

2 deals

Broker
KLNB
KLNBBrokerage

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