Investment Overview

OFFERING OVERVIEW As the exclusive listing agent, Marcus & Millichap is pleased to present the Walter Reed General Hospital. Walter Reed General Hospital is a unique and historical trophy asset spanning over 300,000 gross square feet across four wings. The building is located at the heart of The Parks at Walter Reed development just off Georgia Avenue on the "Great Lawn" near the entrance of The Parks in the Brightwood neighborhood of Northwest Washington, DC. The Parks is a massive 66-acre mixed-use development, anchored by Whole Foods Market that will deliver roughly 3.1 million square feet of mixed use development including 16 acres of public common areas, 2,200 housing units (Townhomes, condos, and apartments), 130,000 square feet of retail, office space, ambulatory care by Howard University, the foreign language immersion Charter School, DC International, a dog park, and a broad mix of recreation, arts, and hospitality. The property is across the street from the newly opened Whole Foods Market as well as a plethora of retail, restaurants, housing, and entertainment options. HISTORICAL SUMMARY The property was originally built in 1908 and the Walter Reed General Hospital opened in 1909, during a time when medical practices were rapidly evolving. Named after Major Walter Reed, a distinguished army physician renowned for his groundbreaking work on yellow fever, the Walter Reed General Hospital has been at the forefront of medical advancements and innovations. During World War I, it played a critical role in treating wounded soldiers, pioneering new surgical techniques, and advancing the understanding of trauma care. In subsequent decades, the hospital contributed significantly to the development of vaccines, diagnostic tools, and treatment protocols for a wide range of diseases. Notably, it played an essential role in the research and development of the polio vaccine, which marked a watershed moment in the fight against infectious diseases. The hospital's historic building, with its distinctive architectural design, has been a hub of medical excellence for generations. THE INVESTMENT OPPORTUNITY The Walter Reed General Hospital is an incredibly unique investment opportunity in given its exceptional history, scale, flexible zoning (WR-4), and location in the heart of The Parks at Walter Reed development. At over 300,000 gross square feet, the property's WR-4 zoning allows an investor to utilize the property for 26 different use cases, by-right, including Residential, Retail, Lodging, Medical Care, Office, Daytime Care, Education, Eating and Drinking Establishments, Short-Term Rentals, and much more. These different use cases paired with the building's immense scale and historical significance provide the opportunity for an investor to capitalize on the properties’ fantastic location at the heart of The Parks, breathing new life into the storied property. At completion The Parks will be a thriving “Live, Work, Play” community and a local destination with high levels of foot traffic, restaurants, retail, apartments, townhomes, office space, and much more, creating the demand necessary to support a wide array of potential businesses and use cases.