Vida Fitness / Bang Salon Condos

Property Type: Urban Retail Location: Washington D.C. Size: 23,225 Tenant: Vida Fitness and Bang Salon

The JCR Companies has purchased a retail condominium portfolio containing a VIDA Fitness Gym, Bang Salon, and an underground structured parking garage condominium located at 1515 15th Street, NW, which is Washington, DC’s highly sought after Logan Circle market. The acquisition price for the portfolio is $6,300,000. The property is fully-leased and benefits from long-term in-place leases with regularly scheduled base rent increases.There are currently several thousand residential units planned, under construction or recently delivered in the submarket. More than 40 restaurants and other retailers have opened in the past 18 months in the sub-market and retail rents have nearly doubled.