Investment and User Sales
Since its inception in May 2004, Summit Commercial has proven substantial and expanding asset acquisition and disposition experience. Summit Commercial provides clients with detailed and thorough financial analysis and comprehensive solutions considering market trends and financing opportunities.
Below is a listing of a few examples of Summit Commercial’s extensive asset acquisition and disposition experience on behalf of purchasers:
2011 Pennsylvania Avenue
Summit Commercial represented Pepperdine University in the $17,400,000 purchase of this 35,000 rentable square foot (rsf) multi-tenant Office Building.
2301 M Street, NW
Summit Commercial represented a Washington, DC based real-estate investor in the $25,150,000 purchase of this 62,108 rsf office building.
2001 Wisconsin Avenue NW and 2200 Whitehaven Street, NW
Summit Commercial Principals represented Georgetown University (GU) in the $42.5 million purchase of these 242,000 rsf buildings (GU subsequently sold buildings for $77 million).
1133 20th Street, NW
Summit Commercial Principals represented NFLPA/Players, Inc., with this 118,300 rsf multi-tenant building purchase.
4200 Wisconsin Avenue, NW
Summit Commercial Principals worked with American University on the purchase of this 140,000 rsf multi-tenant building ($118 prsf / $16,500,000).
The following properties are part of the portfolio showcasing Summit Commercial’s extensive asset acquisition and disposition experience on behalf of sellers:
2233 Wisconsin Avenue, NW (151,000 rsf multi-tenant building)
Summit Commercial Principals represented a local real-estate investor in this $23,500,000 sale with complex issues including a ground lease.
2021 L Street, NW (54,000 rsf multi-tenant building)
Summit Commercial Principals represented NFLPA/Players, Inc., in this $23,420,000 million sale.
1705 DeSales Street, NW
Summit Commercial Principals represented the Sol Taishoff Trust with the sale of the 28,000 rsf, Washington DC Central Business District (CBD) building ($219.00 prsf/$6,300,000) in 2002.
1000 Vermont Avenue, NW
Summit Commercial Principals represented Bernstein/Consortium Two with the sale of the 78,740 rsf CBD building ($21,250,000).
2725 39th Street, NW
Summit Commercial Principals represented American University with the sale of 66,000 rsf, 63-unit multi-family building ($14 million).
2046 West Virginia Ave, NE
Summit Commercial Principals represented MedStar Health with the sale of this 32,000 rsf warehouse at $1.5 million.