840 First Street NE — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Washington, DC 20002
  • Size: 244,300 SF
  • Year built: 2003

Photos

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive representative for the Owner, is pleased to present the offering for 840 First Street NE (the “Property”). This 253,164 RSF office asset’s strategically central location, within a stone’s throw of Union Station and in close proximity to Capitol Hill, positions the Property as an exceptional investment opportunity at a compelling basis. Constructed in 2003, the 12-story office building is free-standing, features 23,000 RSF floor plates, and boasts excellent views of the iconic DC skyline. Existing tenants include The Children’s Defense Fund (8.7% of RBA through Aug-30) and the Brady Campaign to Prevent Gun Violence (6.5% of RBA through Nov-30). The asset is 15% leased today, with 4.1 years WALT to these two tenants. Located one block from Union Station in the vibrant NoMa neighborhood, 840 First Street NE offers an exceptional location that combines convenient transportation options with the energetic atmosphere of NoMa. With 85 daily Amtrak and Acela trains departing from Union Station, professionals have seamless access to key cities and business centers. The nearby Red Line Metro provides efficient travel throughout the Washington, DC Metro area. NoMa is known as the hip, smart center of the nation’s capital, offering free outdoor WiFi, excellent walkability, and a variety of transit options. Within NoMa’s 35 blocks, there is 10.2 million SF of office space, almost 12,000 residential units, and 600,000+ SF of neighborhood-serving retail, including REI’s flagship store. The vibrant dining scenes at Union Station, Union Market, and Mount Vernon Triangle, combined with the convenient transportation options and energetic charm of the neighborhood, make 840 First Street NE an excellent location for businesses in Washington, DC. 840 First Street NE offers a rare and coveted opportunity to secure ownership of a prime office asset at an attractive basis. Considering the Property’s strategic location minutes from t

Market Context

This office in Washington, DC is listed for sale across 244,300 SF. The building dates to 2003. Compare it against other office listings for sale in Washington, DC — view the full market.

As of Q1 2026, the Washington D.C. office market showed a 21.2% vacancy rate, and average asking rents near $60.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Washington D.C. office market tightening or softening?
Vacancy is around 21.2% (Q1 2026).

Estimated Price per SF

$113.85/SF – $828.00/SF

Mid: $345.00/SF

Estimated price for 244,300 SF: $84,283,500 (range $27,813,555 – $202,280,400)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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