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
About this deal
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.
On the Map
$2,950,000
$710/SF
Retail
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Players
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