3400 Georgia Avenue Investments I LLC

10.0%
gross ann. return*
0 mo.
term remaining
C
Investment Complete
Current Ann. Return 0.0%
Accrued Ann. Return 10.0%
Gross Ann. Return* 10.0%

Investment Details

Current Ann. Return 0.0%
Accrued Ann. Return + 10.0%
Gross Ann. Return* 10.0%
Term Remaining 0 of 60 mo.
Min. Investment $10,000
Investment Size $500,000
Security Type Preferred Equity

Investment Summary

The property is located within walking distance of the Petworth Metro stop in Washington, DC in a neighborhood that is experiencing rapid growth. The property consists of 15,480 square feet of land and an 8,500 square foot single story building. The site is currently leased to Murry’s, a regional grocery chain operator, whose lease will terminate prior to construction commencement. 

Projected Return Calculator

Principal
$5,000
Gross Annual Return* 10.0%
Term 60 mo.
Total Return*

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
C1
A
1
2
3
B
1
2
3
C
1
2
3
D
1
2
3
E
1
2
3
Category Assessment Points
Capital Senior to Fundrise 1-49% 1
Capital Junior to Fundrise 40% or more 1
Location Secondary 2
Occupancy Vacant 3
Development Phase Ground-up 3
Sponsor’s Track Record $50-249 million 2
Overall 12 C1

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Risk-Adjusted Return

Capital Structure

Type Source % of Total Amount
Common Equity Sponsor 38.0% $1,330,000
Preferred Equity Private Investors 26.3% $920,000
Preferred Equity Fundrise Offering 4.3% $150,000
Senior Debt 31.4% $1,100,000
Total 100.0% $3,500,000

Property Summary

In the summer of 2011, 3400 Georgia Avenue Investments LLC purchased a 15,480 square foot site located ¼ mile from the Georgia Avenue Metro Station, ½ mile from Columbia Heights Metro Station and ½ mile from the Washington Hospital Center. The property is currently improved with a Murry’s grocery store and surface parking. 

Address 3400 Georgia Avenue NW
City & State Washington, DC
Neighborhood Petworth
Product Type Mixed-Use / Residential & Retail
Project Phase Value-Add / Reposition

Market Summary

The Georgia Avenue / Petworth corridor is seeing what we consider to be a significant amount of new investment, and we believe may become the next "hot" neighborhood in DC, and may be especially appealing to young professionals.

About the Sponsor

Tom Skinner

Managing Partner

Tim Mulcahy

President

William Passmore

Managing Partner

Redbrick is a residential real estate investment management and development firm. Founded in 2002, Redbrick specializes in opportunistic and value-added residential, multifamily and mixed-use projects with a focus on the Washington DC metro market.

View full profile

Other Past Investments

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D
Gross Ann. Return* 15.0%
Term Remaining 0 mo.
Underlying Security Preferred Equity

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B
Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt