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Washington DC  + Retail  |  April 19, 2021
David Cohen
By: David Cohen

SRS Real Estate Brokers $8M Sale of Retail Property in D.C.

SRS Real Estate Partners’ National Net Lease Group has arranged the $8.3 million sale of a single-tenant retail property at 3131 M Street NW in Washington D.C.’s Georgetown neighborhood.

The 3,250-square-foot property is currently leased to Levain Bakery, which opened at the location in fall of 2020. Rick Fernandez and Andrew Fallon of SRS represented the seller, a local real estate investor specializing in buying and stabilizing distressed real estate. The buyer was a local real estate investor.

“This Levain Bakery-occupied asset in Georgetown is a perfect example of the new pandemic-driven demand for quick serve, low contact dining choices,” said Fernandez. “The prime, urban street-level storefront with a sidewalk full of pedestrians provides predictability of the income stream for the investor.”

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Inside The Story

SRS’ Fernandez

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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