D.C. LAND SOLD FOR MIXED-USE PROJECT

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WASHINGTON, D.C. — Marcus & Millichap represented a private party in its sale of the Axiom, a land parcel located at 1638 14th St. NW in Washington, to a local developer for $3.8 million. The Axiom will be the new site of a 30,000-square-foot mixed-use development comprised of 3,000 square feet of retail space and 32 apartment units. Marcus & Millichap’s Ari Firoozabadi and Ali Javad represented the seller. Hounshell Real Estate represented the buyer.

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