Reservoir District MOB Development
Parcel 3: 10 Lower Service Ct NW I Washington, DC, 20001
CBRE
New Development Opportunity Adjacent to 3 Market-Leading Acute Care Hospitals
- Children’s National, Main Hospital
- MedStar Washington Hospital Center
- Department of Veterans Affairs
RENDERING ADDRESS: Parcel 3: 10 Lower Service Ct NW, Washington, DC, 20001
PROPOSED GROSS MEASUREMENT: 173,000 RSF (Max)
PROPOSED FLOORS: Height Limit: 113′
PARKING: Ability to Construct a N200 Space 3-Level Subgrade Garage
FAR: 7.28 (Max)
ENTITLEMENT STATUS: Stage I PUD Establishing Permitted Uses, Height, and Density
PERMITTED USE: Healthcare Facility & Retail
HOSPITAL: Adjacent to MedStar Washington, National Hospital Center and Department of Veterans Affairs Medical Center
CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the land and development rights for the Reservoir District Medical Outpatient Building (the “Project”), a proposed 173,000 square foot, Class A medical outpatient facility in Washington, DC, within the master-planned, 25-acre mixed use Reservoir District. The Project is strategically adjacent to three, market-leading acute care hospitals including 912-bed MedStar Washington Hospital Center, 323-bed Children’s National Hospital, and the 175-bed Washington VA Medical Center. The Project’s proximity to market-leading hospitals creates a unique opportunity to attract health system tenants, supported by strong referral patterns, operational synergies, and close alignment with major care delivery hubs.
The Reservoir District MOB development is positioned within the high-demand Washington, DC metropolitan area, which has featured over $456 million in MOB transaction volume in the past 12 months and rental rates reaching the low $40’s triple-net for Class A product. The Project will benefit from Washington, DC’s affluent and aging patient base, featuring average household incomes of $171,890 and projected 5-year senior population growth of 16%. The combination of the site’s strategic location, demographic tailwinds, and potential for institutional-grade design plans position the Reservoir MOB Development as a premier investment in one of DC’s premier healthcare districts.
Investment Highlights
- Adjacent to Major Healthcare Anchors, National Systems, and Healthcare Policy Makers
- Part of Master-Planned, 25-Acre Mixed-Use “Reservoir District”
- Excellent Healthcare Fundamentals
- Strong Demographic Trends
- Strategic Alignment with Major Health Systems and Care Networks
- Highly Accessible Infill Location
- Potential for On-Site Parking
- “Recession Resistant” Considered Asset Category
CBRE U.S. Healthcare Capital Markets
INVESTMENT PROPERTIES
Brannan Knott
+1 443 983 6039
brannan.knott@cbre.com
Chris Bodnar
+1 720 635 2653
chris.bodnar@cbre.com
Cole Reethof
+1 404 504 7864
cole.reethof@cbre.com
Ben Canady
+1 224 545 7992
ben.canady@cbre.com
DEBT & STRUCTURED FINANCE
Zack Holderman
+1 858 337 9412
zack.holderman@cbre.com
Anthony Sardo
+1 978 337 9980
anthony.sardo@cbre.com
Jesse Greshin
+1 860 808 4810
jesse.greshin@cbre.com
CBRE Advisory Services
WASHINGTON, D.C.
John DiCamillo
+1 703 734 4723
john.dicamillo@cbre.com
Brett Schweitzer
+1 703 905 0253
brett.schweitzer@cbre.com
CBRE Capital Markets
MID-ATLANTIC REGION
Tommy Cleaver
+1 202 585 5544
tommy.cleaver@cbre.com
Visit CBRE Deal Flow to view all available listings
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