The property was acquired with a bridge loan in ’16 and soon refinanced in ‘18 with Sandy Spring Bank, at which point ownership greatly improved the base building and surrounding urban industrial lot, measuring ~17,500 sq/ft and 1.25 acres, respectively. With a favorable change in zoning (‘22) this property is situated directly across the street (Eastern Avenue) from Washington DC and is a long-term hold. 100% Leased during Covid-19 for $180,000, NNN.