Investment Overview

OFFERING OVERVIEW Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1126 9th Street NW, a newly built, Class A 32,531-square-foot, mixed-use asset in the heart of the Mt. Vernon Square neighborhood of Washington, DC. The property has 15 student housing units, and two ground-floor retail units. 1126 9th Street NW is located on 9th Street NW, directly across from the Walter E. Washington Convention Center. The asset's prime location in Mt. Vernon Square puts it at the center of the hustle and bustle in downtown Washington, DC. This offering presents a rare and exciting opportunity to invest in a newly built, Class A asset with zero deferred maintenance in the heart of one of Washington, DC's premier neighborhoods. THE ASSET 1126 9th Street NW is a mixed-use asset consisting of 15 student housing units and two ground-floor retail bays. There are 67 total bedrooms and the units are a mix of three two-bedroom units, four four-bedroom units, three five-bedroom units, and five six-bedroom units. The average in-place rent per bedroom is $1,655 with occupancy at 96%. The property is approximately 32,531 gross square feet and sits on an approximately 7,610 gross square foot lot with a MU-4 zoning designation. The two ground-floor retail bays total 3,999 SF (2,476 SF and 1,523 SF, respectively). A Medical Cannabis Dispensary's lease commenced in July of 2024. The Dispensary is operating both retail units under a 10-year lease. All units feature high-end, modern and stylish spaces designed for seamless living. Finishes include vinyl plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, floor-to-ceiling windows, a washer/dryer in all units, and more. The common areas are furnished, and residents can access a shared rooftop. The student housing units are equipped with everything a tenant would need, including bed frames, mattresses, nightstands, couches, dining tables, chairs, kitchen utensils, and all kitchen appliances. 1126 9th Street NW stands out as the premier student housing choice in Washington, DC, thanks to its exceptional blend of top-notch amenities, superior finishes, and unbeatable location. THE LOCATION Nestled in the vibrant Mount Vernon Square neighborhood of Washington, DC, 1126 9th Street NW boasts an enviable location adjacent to numerous restaurants and retail outlets along 9th Street. Residents are treated to a diverse culinary scene, with abundant dining options ranging from trendy cafes to upscale eateries, all within walking distance. Additionally, the proximity to renowned retail establishments ensures convenient access to shopping destinations for everyday essentials and luxury goods. Mount Vernon Square has some of the best commuting scores in DC, with a 97 Walk Score, 100 Transit Score, and 99 Bike Score. With its central position in one of DC's most sought-after neighborhoods, this property offers unparalleled convenience and excitement, making it an ideal place to call home for those seeking the best of urban living.