3009 M Street, NW
Project
3009 M Street is a 6,400 square foot retail and residential building located in Georgetown. The first floor was leased to a restaurant with a near term lease expiration.

Challenges
The owner of 3009 M Street, a family trust, approached J Street in mid-2011 about selling their property. The adjacent property owner had submitted a compelling offer to buy the property, but the Owner wanted to test the market.

Solutions
J Street prepared a marketing package to sell the property and took the opportunity to a small group of buyers. Interest was immediate, and the adjacent owner was forced to increase their offer several times.

Renovations
By taking the property to market, and at the same time negotiating with the adjacent owner, J Street was able to increase the final price by approximately $800,000.