Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Colonel – a core plus, mixed-use asset in Shaw, Washington, DC’s rapidly expanding and hippest neighborhood. The Colonel’s prime location allows for unparalleled access to Blagden Alley, with its unique mix of history, modern mural art, and world class bars and restaurants. The minimarket around the property is supply-constrained, with no new deliveries anticipated until late 2024 or early 2025. Moreover, The Colonel holds renovation upside, as a study of rent comps demonstrates $200+ monthly rent increases can be unlocked through a unit interior renovation program. The submarket’s demographics show that the 25 to 34 year-old young professional segment is the largest and fastest-growing, and residents at the property are one block away from the nearest metro station, providing direct access to employment, DC’s waterfront, and Northern Virginia. Overall, The Colonel occupies the best location in DC’s most desirable residential and entertainment enclave and features rental upside within a supply-constrained minimarket, making it a one-of-a-kind multifamily investment opportunity.
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