Amazon 95 at Northern Virginia Gateway

220 Centreport Parkway, Fredericksburg, VA, 22406, US

Description

Jones Lang LaSalle ("JLL"), as exclusive advisor to The Peterson Companies, is pleased to offer for sale Amazon 95 @ Northern Virginia Gateway ("Amazon 95" or the "Property"), a state-of-the-art, 629,018 square foot, Class A, Inbound Cross Dock ("IXD") facility in the Washington, D.C. - Richmond Corridor. Nearly equidistant from downtown Washington, D.C. and Richmond, VA, the Property offers investors the rare opportunity to capitalize on both markets' exceptional fundamentals. Amazon 95 is ideally situated adjacent to I-95 and Route 1 and within hours of the Port of Virginia and Washington D.C. MSA. This location provides users with strong multimodal optionality and immediate access to the dense population along the East Coast.

The Property is 100% leased to Amazon.com Services LLC (the "Tenant"), an investment-grade credit tenant (Moody's: A1 & S&P: AA) and the undisputed leader in the e-commerce industry. Amazon executed a 15-year lease that commenced in December 2022 leaving over 12 years of term remaining. The Property represents one of only two IXD facilities in the region tasked with serving the roughly 18 million square feet of additional Amazon-leased space throughout the Mid-Atlantic. Amazon has demonstrated a strong conviction in the location, occupying a 200K SF delivery station also located on Centreport Parkway. Amazon 95 @ Northern Virginia Gateway presents investors with an incredibly rare opportunity to acquire a stabilized, best-in-class asset in an exceptional location on a long-term lease to a blue-chip credit tenant.

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Attributes

Building area gross

58,438 sm

Occupancy

100%

Year built

2022

Land area gross

33.1 ha

WALT

12 years

Clear height

10.97 m

Loading docks

132

Parking spaces

1,002

Media

Investment highlights

MISSION-CRITICAL AMAZON FACILITY

Constructed as a build-to-suit, Amazon 95 is one of only two IXD facilities in the Mid-Atlantic U.S. The tenant has made a very substantial corporate investment in the building including robotics, infrastructure upgrades and other specialized materials handling equipment (MHE).

CORE ASSET WITH STATE-OF-THE-ART IXD DESIGN

Amazon 95 features trophy-quality building specifications including 14,500 amps powering the tenant's specialized equipment, a market-leading dock ratio (1 door per 4,765 SF), full dock packages, an ESFR sprinkler system, and LED lighting.
Amazon 95 boasts low coverage relative to the 81-acre total site area to accommodate the excess paved, lit, fenced perimeter, creating an above-market trailer drop ratio of 1 per 896 SF (702 off-dock trailer drops) and an employee parking ratio of 1.6 spaces per 1,000 rentable square feet (1,002 parking spaces) while also offering future redevelopment and/or expansion opportunity.

TOP-TIER LOGISTICS LOCATION

Located adjacent to I-95, the Property leverages Northern Virginia's constantly improving transportation infrastructure and efficient North-South access via Centreport Parkway.
Amazon also occupies a Flex facility at 181 Centreport Parkway, just 5 minutes away. Between these two facilities, Amazon is deeply entrenched in the industrial park.