Natixis Lends $26,800,000 for 4400 Jenifer Street
Natixis Real Estate Capital LLC provided $26,800,000 of 10-year term fixed-rate CMBS financing to Zuckerman Gravely to refinance an 88,047 square foot, 4-story office building located at 4400 Jenifer Street N.W., Washington, D.C. The financing was arranged by Ken Gentzel and Jason Smith from NorthMarq Capital.
The property is currently 100% leased to 19 tenants. The building is conveniently located one block west of Wisconsin Avenue and the Friendship Heights Metro Station. Wisconsin Avenue is a six-lane thoroughfare that serves as one of the major north-south corridors in the Northwest Quadrant of Washington, D.C. The surrounding area consists of a dense residential/commercial base, featuring high barriers to entry and a strong demographic composition with an average household income of $163,555 within 1 mile of the subject property and a projected 7.62% population growth over the next 5 years.*