Net Lease Press Releases
NNN Net Lease Retail Condo Sale Washington, DC
Reston, VA – Calkain Urban Investment Advisors
recently completed the sale of a four-tenant, retail investment property in
Washington, DC. The purchaser was a private investor/developer seeking an
income-producing asset with a strong upside. The property, WY18, is a charming
residential condominium in the heart of Adams Morgan. Adams Morgan, one of the
District’s most diverse neighborhoods, has streets ripe with multicultural
eateries, eclectic shops and vibrant, charismatic nightlife.
Rick Fernandez, Calkain Urban Investment Advisors’
Managing Director, represented the buyer and seller. “The WY18 retail condos
are well situated within a dense, high traffic location in an affluent, diverse
residential and retail community. The buyer saw significant opportunity in the
location and potential of this asset,” explained Fernandez. The transaction
closed in the past thirty days.
Calkain Companies is a boutique commercial real
estate brokerage firm which specializes in assisting buyers and sellers with
single and multi- tenant retail, industrial, hotel and office net-leased
transactions. While licensed to conduct business in many states, nationally,
Calkain has multiple office locations throughout the Mid-Atlantic, Southeast
and Northeast United States. Additional information about the firm and listings
may be found at