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NOMA Arts Factory. Unique property located in trendy NOMA - around the corner from Union Market. Urban fabric is currently a series of rundown warehouses.

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Presentation on theme: "NOMA Arts Factory. Unique property located in trendy NOMA - around the corner from Union Market. Urban fabric is currently a series of rundown warehouses."— Presentation transcript:

1 NOMA Arts Factory

2 Unique property located in trendy NOMA - around the corner from Union Market. Urban fabric is currently a series of rundown warehouses - wholesale foods and imported knick knacks for restaurants, small retailers and bargain hunters. Union Market's upscale boutique shops and expensive, trendy atmosphere herald changes to the urban fabric - evidenced by high rise condominiums sprouting at edges. Anticipated that entire warehouse district of NOMA will evolve into a bustling mixed use residential and retail mecca for the burgeoning creative class of DC hipsters. NOMA Arts Factory

3 Former Typography Factory, 50,000 sf concrete frame with masonry infill warehouse boasting ceilings, loading docks, and ample parking at footprint. On New York Avenue, near the threshold of DC for the northern Maryland commuters, with a tucked away feel, whilst being close to the action. Residential ruled out for issues of zoning, poor views, lack of green space, and busy New York Avenue traffic. Proposing office spaces for small, creative businesses such as architecture or graphic design firms, advertising, video gaming creators, and music industry specialists. NOMA Arts Factory

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5 INCOME STATEMENT Revenues Rent Revenues 1,750,000Rent Revenues 1,793,750 Total Revenues 1,750,000Total Revenues 1,793,750 Expenses Operating Expenses274037Operating Expenses 280,888 Depreciation Expense 300,846Depreciation Expense 300,846 Interest Expense684300Interest Expense Total Expenses 1,259,183Total Expenses 1,266,034 Net Operating Income/(Loss) 490,817Net Operating Income/(Loss) 527,716


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