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SRS Real Estate Partners Sells Capitol Hill Restaurant Leased To Pupatella For $2.95M
SOLD
$2,950,000
Retail4,154 SF
Sold 07/01/2025
SOLD
SRS Real Estate Partners Sells Capitol Hill Restaurant Leased To Pupatella For $2.95M
301 Massachusetts Avenue Northeast
See Similar DealsRetail4,154 SF
Sold 07/01/2025
Summary
Asset Type:Retail
Price Per Square Foot:$710
Total Square Footage:4,154 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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