1776 Eye Street — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Washington, DC
  • Year built: 1987

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Description

Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive representative for the Owner, is pleased to present this opportunity to acquire 1776 Eye Street NW (the "Property" or "1776 Eye"), a Class A office asset located two blocks from The White house in the heart of Washington, DC's Central Business District. Currently 88% leased to 21 tenants with 7.2 years of WALT, 1776 Eye offers a unique opportunity to acquire a recently renovated and well-positioned property that has successfully embraced the "flight-to-quality" trend. The Property is situated in the heart of the CBD located amidst several of the world's most powerful and prestigious institutions. The White House, Eisenhower Executive Office Building, Federal Reserve, World Bank, International Monetary Fund, and American Red Cross are all located within 1/4 mile of the Property, creating an ecosystem for non-profits, associations, law firms, and finance management reams seeking direct proximity to these institutions. Furthermore, the Property is located across the street from the Farragut West Metro Station (Blue, Orange, and Silver Lines) in Washington's Golden Triangle. 1776 Eye is the beneficiary of a $17.8 MM renovation that delivered best-in-class amenities, including a new tenant lounge, three new conference rooms, and an expanded/upgraded rooftop deck. As a result of this repositioning, the Property has driven over 131,500 SF of leasing since 2024. Premium amenitization has also attracted top law firms and nonprofits. With a lack of trophy availability and a historically low development pipeline, highly amenitized Class A assets such as 1776 Eye Street are positioned to capitalize amidst tenants' flight to quality. Accordingly, 1776 Eye's combination of prime location, amenitization, and strong tenancy provides investors with the rare opportunity to benefit from a well-executed amenitization plan, robust cash flow, and reset basis.

Market Context

This office in Washington, DC is listed for sale. The building dates to 1987. 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).

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