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TRANSCRIPT
REA LT YADV I SORS
PROPERTY SUMMARY
www.macrealtyadvisors.com 7315 Wisconsin Avenue | Suite 560 W | Bethesda, MD 20814
POINT OF CONTACTANDREW MCALLISTER [email protected] 202.296.0007
BRUCE LEVIN [email protected] 202.296.0459
CLIFF AYERS [email protected] 202.296.0880
MAC Realty Advisors (“MAC”) is pleased to present the opportunity to purchase the Aria on L, a 60-unit luxury apartment building
nestled in the heart of NoMa. The Aria on L offers boutique one and two bedroom apartments outfitted with sleek modern finishes,
washer-dryers, and balconies in every unit. The Aria on L is located in one of DC’s most up and coming neighborhood with access to
DC’s trendiest outings / lifestyle amenities along H street Corridor and in Union Market. The Aria on L is steps to Whole Foods, Trader
Joe’s, Harris Teeter, Metro Stations at Union Station and NoMa, as well as employment centers in Downtown Washington, DC. The Aria
on L is a one-of-a-kind boutique apartment building that presents an excellent opportunity for a value-add investor to do light rehab
in order to increase the current rents to market and bolster meaningfully higher year one net operating income.
The Aria on L NOMA | UNION MARKET | H STREET CORRIDOR
78EXCELLENT
TRANSIT
Property Name The Aria on L
Street Address300 L Street NE Washington, DC 20002
Neighborhood Noma, H Street, Union Market
Units 60
RSF 40,960 SF
Average Unit Size 683 SF
Parking 20 Spaces
Type Podium / Wood
Completed March 2013
Website www.ariaonl.com
BILL GRIBBIN [email protected] 202.618.5110
96BIKER’S
PARADISE
95WALKER’S PARADISE
www.macrealtyadvisors.com 7315 Wisconsin Avenue | Suite 560 W | Bethesda, MD 20814
• PRIME LOCATION IN HEART OF NOMA / UNION MARKET / H STREET CORRIDOR
• STEPS TO METROPOLITAN BRANCH TRAIL
• 7-MINUTE WALK TO NOMA - GALLAUDET METRO STATION ON RED LINE
• SAME BLOCK AS CAPITAL BIKE SHARE STATION
• STEPS FROM RETAIL AMENITIES AND EMPLOYMENT CENTERS
• HIGHEST POPULATION GROWTH IN THE DC METROPOLITAN AREA
• OPPORTUNITY TO PURCHASE BELOW REPLACEMENT COST (~$350 / DOOR)
REA LT YADV I SORS
0.0%
2.5%
5.0%
7.5%
10.0%
1 Mile 3 Mile 5 Mile
POPULATION GROWTH
Met
ropo
litan
Bra
nch
Trai
l H Street Corridor
Union Station
NOMA SUBMARKET MAP
12
3 4 56
7
8
1. Indigo 2. Old City Market and Oven 3. Fare Well 4. Bar Elena 5. Le Grenier 6. DC Harvest 7. Hikari Sushi & Sake Bar 8. Wunder Garten 9. Union District Oyster Bar 10. A. Litteri 11. St. Anselm
910
11
• 70,000 SF of Retail
• 174,000 SF of Office Space
• 167-space, 4-level Parking Garage
• Retailers: REI, La Colombe, Cyclebar, Red Bear Brewing
• Features 40 local, regional and international vendors as well as retail and event space
• Vendors: DC Empanadas, TaKorean, Lyon Bakery, Red Apron Butcher, Jeni’s Ice-cream
• Retailers & Event Space: Dock5, Salt & Sundry, Angelika Pop-Up, Movie Theatre
• Over 95 restaurants, retailers and services located within Union Station
• Access to Red Line Metro
• The terminal is served by Amtrak, MARC, VRE and Metro commuter railroads
• 44,000 SF Whole Foods delivered in 2017
• Michelin Rated Restaurants: Toki Underground, Ethiopic, Indigo, Maketto
• 25,600 Traffic volume count on H Street
AMENITY HIGHLIGHTSULINE ARENA
UNION MARKET
UNION STATION
The Aria on L NOMA | UNION MARKET | H STREET CORRIDOR
H STREET CORRIDOR