INVESTMENT HIGHLIGHTS
The Property
- Stunning, Class A building in a Class A neighborhood
- 2005 construction, state of the art systems, and energy management
- 22 managed parking spaces
- Three sides of glass, with floor-to-ceiling glass along L Street
- 8’6” finished ceiling heights throughout
- Highly functional floor design which breaks efficiently for multiple
- tenants or multifamily redesign
- Exceptional conversion opportunity to residential or hospitality use
The Location
- Heart of the CBD off 16th Street and only two blocks from Layfette Square and the White House
- Walker’s Paradise score of 97
- Proximate to nearby hotels and restaurants
- Rider’s Paradise score of 100
- 2 short blocks to two Metro stations (Red, Blue, Orange and Silver lines)
- 5 blocks to 14th Street retail (10-minute walk to Whole Foods) and 5 blocks to Dupont Circle
- Easily accessible for commuters throughout DC, Montgomery County, and Northern Virginia
- 88 Very Bikeable
Premier Market and Demographics
- Historically strongest office submarket in Washington, DC
- Currently one of Washington’s premier residential rental and condo submarkets
- Superior demographics and conveniently located among Washington’s most high profile government and private employment centers
- Nearby condominium pricing achieving record pricing
TRANSACTION GUIDELINES
1602 L Street, NW is being offered in 100 percent fee simple interest.
Investors are invited to arrange tours through Berkadia and will be provided access to a comprehensive collection of online resources to assist in underwriting.
Berkadia has obtained expressions of interests from capital sources, both debt and equity, interested in participating in this transaction.
Formal expressions of interest will be requested in the form of a non-binding letter of intent will be called for on a date to be determined. Investors are expected to provide an appropriate level of detail outlining the terms of the proposed transaction and fully describe all sources of capital, conditions of closing, and approvals required.
Offers will be evaluated not only on those terms consistent with the ownership’s financial objectives, but on the speed of execution.
Photo Gallery
Contact Us
DC METRO OFFICE
4445 Willard Avenue | Suite 1200
Chevy Chase, MD 20815
Phone: 301.202.3550
Fax: 301.656.2451
Investment Sales Berkadia
PAUL HANAFIN
Managing Director
202.256.3806
[email protected]
Investment Sales Transwestern
ERIC WEST
Executive Vice President
202.835.3652
[email protected]
JOSH WISENHUNT
Vice President
202.835.7227
[email protected]
Financing
TED HERMES
Managing Director
240.204.5137
[email protected]
PHIL BRANNIGAN
Senior Director
301.202.3546 [email protected]
Washington, D.C.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.