5300 Wisconsin Ave NW, Washington, DC 20015
- Super regional malls
- 386,528 SF
- 1.91 lot acres
Current Use by Public Records
- Super regional malls
Property Details for 5300 Wisconsin Ave NW
- Year built
- 1977
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.91 lot acres
- Zone code
- MU-7B
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 1660 0812
- APU
- 16600812
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 25, 2021 | $52,000,000 | 5300 Wisconsin Avenue Nw Owner LLC | Acreg 5300 Wisconsin LLC | Special Warranty Deed | $27.5M · 5300 Wisconsin Avenue Nw Reit LLC |
| Jul 18, 2019 | — | Neiman Marcus Group LLC | — | Grant Deed · related | $25.4M · Wilmington Tr NA |
| Jan 9, 2017 | $78,000,000 | Prime Chevy Chase Asset I LLC | Teachers Ins & Annuity Assn Of Am | Grant Deed | $50.3M · Private Individual |
| Mar 27, 2013 | — | Neiman Marcus Group INC | — | Deed Of Trust · related | $9.7M · Credit Suisse Ag |
| Oct 4, 2011 | — | Neiman Marcus Group INC | — | Deed Of Trust · related | $9.7M · Bank Of America |
| Sep 16, 2011 | — | Neiman Marcus Group INC | — | Deed Of Trust · related | $9.7M · Credit Suisse Ag |
| Oct 14, 2005 | — | Neiman Marcus Group INC | — | Deed Of Trust · related | $9.7M · Credit Suisse |
| May 26, 2004 | $76,500,000 | Teachers Ins & Annuity Assn Of Amer | City Center Retail | Grant Deed | — |
| — | — | Neiman Marcus Group INC | — | Deed Of Trust · related | — |
| — | — | Neiman Marcus Group LLC | — | Deed Of Trust · related | $25.4M · Ankura Tr Co LLC |
Description
Mazza Gallerie, a Washington, DC landmark, presents a unique retail opportunity. Originally opened in 1977, this five-story building boasts a rich history, having anchored Friendship Heights as a premier shopping destination. The property currently offers 9,200 square feet of immediately available retail space, representing a significant portion of the total 40,500 square feet. Minimum divisible space is 9,200 square feet, making this an ideal location for a single large tenant or a smaller tenant seeking a prominent space within a renowned development. The building's prime location at the crossroads of Northwest Washington, DC and Chevy Chase, Maryland, ensures high visibility and accessibility. While undergoing redevelopment by Tishman Speyer, the future Mazza Gallerie will feature a luxury residential building, 20,000 square feet of ground floor retail, 70,000 square feet of concourse retail, and a reconfigured parking garage with two floors dedicated to retail parking. This presents a chance to be part of a revitalized landmark, capitalizing on its established reputation and enhanced future amenities. The building's history includes notable anchor tenants such as Neiman Marcus and Raleigh's Haberdashery, solidifying its position as a significant retail hub.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $47,985,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $56,605,000
- RESTAURANT
- $56,065,000
- COMMERCIAL (GENERAL)
- $53,320,000
- OFFICE BUILDING
- $30,015,000
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0857
- Latitude
- 38.9597
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
