Nearly 100 visitors and potential bidders attended GSA’s industry day for a briefing and tour of the Georgetown Heating Plant. The property will be up for auction in the coming months. Selling unused property realizes the U.S. General Services Administration’s (GSA) goal to maximize cost-savings and minimize the federal footprint. To date, GSA has sold or transferred more than 100 excess properties nationwide in the past year.
Today’s event gave visitors the opportunity to preview the property before it is put up for bidding. Location, location, location — the common real estate theme — is one of the key selling points for this property that is near to the Georgetown Waterfront, offers scenic views over the Potomac river, and is less than two miles from the White House, the National Mall, and the Kennedy Center.
GSA officials also provided attendees with an overview of the sale terms and an outline of the online auction process. This innovative, cost effective, and transparent way of disposing of unneeded property helps GSA increase cost-savings for taxpayers.