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301 Massachusetts Avenue No...

SRS Real Estate Partners Sells Capitol Hill Restaurant Leased To Pupatella For $2.95M
SOLDRetail

SRS Real Estate Partners Sells Capitol Hill Restaurant Leased To Pupatella For $2.95M

301 Massachusetts Avenue Northeast

$2,950,000

$710/SF

Building Size

4,154 SF

Asset Type

Retail

Closing

Jul 1, 2025

AI

The property asset involved in this transaction is a retail space located at 301 Massachusetts Avenue Northeast in Washington, DC. The sale price was $2,950,000, and the property has a total square footage of 4,154. The price per square foot for this transaction is $710.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,950,000
  • Address: 301 Massachusetts Avenue Northeast
  • Market: Washington, DC
  • Square Footage: 4,154
  • Price Per Square Foot: $710

Rick Fernandez and Andrew Fallon represented SRS Real Estate Partners in the transaction involving a restaurant property leased to Pupatella Neapolitan Pizza. This deal highlights the involvement of significant representation in the retail property market of Capitol Hill.

Players

Andrew Fallon

SRS Real Estate Partners

Broker

$141.3M

vol

15 deals

Broker
SRS Real Estate Partners
SRS Real Estate PartnersBrokerage
SRS Real Estate Partners
SRS Real Estate PartnersSeller

Washington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93