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Newsline: Georgian Embassy in Washington offered for sale

New York-based DelShah Capital LLC is seeking buyers for the Embassy of Georgia building at 2209 Massachusetts Ave. NW as it plans its exit from D.C.’s commercial real estate market. DelShah has retained Greysteel LLC to market the historic 9,000-square-foot building by R and 22nd streets NW as an investment property. The Georgian Embassy is locked into a lease through January 2016, and the building is generating net operating income of about $288,900, according to Greysteel marketing data. Greysteel is marketing 2209 Mass to groups including other embassies. Built in 1911, the building was previously home to the United Arab Emirates and the Ukraine.

http://www.bizjournals.com/washington/breaking_ground/2013/08/georgian-embassy-offered-for-sale.html

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