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Multifamily

4301-13 Wheeler Road SE

4301 Wheeler Rd SE, Washington, DC 20032

Listing Price: Request For Offer

Number of Units
42
Gross SF
30,350

Investment Overview

Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present an exclusive offering of nine (9) boutique multifamily apartment buildings which are located in the East of the River submarket of Washington, DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a portfolio of multifamily assets free from the Tenant Opportunity to Purchase Act (TOPA) process due to the properties’ bankruptcy status. This exemption is granted under §42-3404.02 of DC code. This portfolio provides a unique chance for an investor to acquire a significant footprint in the DC multifamily market with immense future potential for growth and development.

The portfolio consists of nine boutique apartment buildings totaling 104 units located in Washington, DC. These properties offer an investor the opportunity to add value through stabilization of the assets. All properties were recently renovated, limiting an investor’s degree of capital expenditures upon acquisition. The portfolio features an ideal unit mix of one, two, three, and four bedroom units, creating the potential to efficiently capture market rental demand.

The portfolio is located in the East of the River submarket of Washington, DC, and the properties are in close proximity to significant developments that will improve the infrastructure and amenities in the area. The most significant ongoing developments east of the river include The St. Elizabeths East Campus and the Skyland Town Center development. These two projects account for over $1 billion in development and are two of the largest ongoing developments in DC. The St. Elizabeths Campus, spanning 183 acres, is currently home to the Entertainment and Sports Arena and will have 13 total parcels of mixed-use development at completion. The Skyland Town Center development will feature over 450 residences and 135,000 square feet of retail space. The retail offerings include Starbucks, Lidl, Chase Bank, CVS Pharmacy, &pizza, Tropical Smoothie Café, and many other points of interest that will supplement the continued growth across the East of the River submarket.

Investment Highlights

  • Not Subject To TOPA
  • Ideal Unit Mix for Submarket
  • Chapter 11 Bankruptcy Sale
  • Recently Renovated Assets
  • Located in the Rapidly Evolving East of the River Submarket of Washington, DC
  • Ability To Acquire All Nine Assets Or Individual Acquisitions

Exclusively Listed By

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • John Slowinski

    Associate

    (202) 536-3780

    Email John

    License(s): MD: 5002965, DC: SP200205349

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

Multifamily

4301-13 Wheeler Road SE

Listing Price: Request For Offer

Number of Units
42
Gross SF
30,350

Investment Highlights

  • Not Subject To TOPA
  • Ideal Unit Mix for Submarket
  • Chapter 11 Bankruptcy Sale
  • Recently Renovated Assets
  • Located in the Rapidly Evolving East of the River Submarket of Washington, DC
  • Ability To Acquire All Nine Assets Or Individual Acquisitions

Investment Overview

Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present an exclusive offering of nine (9) boutique multifamily apartment buildings which are located in the East of the River submarket of Washington, DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a portfolio of multifamily assets free from the Tenant Opportunity to Purchase Act (TOPA) process due to the properties’ bankruptcy status. This exemption is granted under §42-3404.02 of DC code. This portfolio provides a unique chance for an investor to acquire a significant footprint in the DC multifamily market with immense future potential for growth and development. The portfolio consists of nine boutique apartment buildings totaling 104 units located in Washington, DC. These properties offer an investor the opportunity to add value through stabilization of the assets. All properties were recently renovated, limiting an investor’s degree of capital expenditures upon acquisition. The portfolio features an ideal unit mix of one, two, three, and four bedroom units, creating the potential to efficiently capture market rental demand. The portfolio is located in the East of the River submarket of Washington, DC, and the properties are in close proximity to significant developments that will improve the infrastructure and amenities in the area. The most significant ongoing developments east of the river include The St. Elizabeths East Campus and the Skyland Town Center development. These two projects account for over $1 billion in development and are two of the largest ongoing developments in DC. The St. Elizabeths Campus, spanning 183 acres, is currently home to the Entertainment and Sports Arena and will have 13 total parcels of mixed-use development at completion. The Skyland Town Center development will feature over 450 residences and 135,000 square feet of retail space. The retail offerings include Starbucks, Lidl, Chase Bank, CVS Pharmacy, &pizza, Tropical Smoothie Café, and many other points of interest that will supplement the continued growth across the East of the River submarket.

Exclusively Listed By

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • John Slowinski

    Associate

    (202) 536-3780

    Email John

    License(s): MD: 5002965, DC: SP200205349

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

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