Ashburn, VA, US, Americas

Ashburn Shallow-Bay Portfolio

Attributes

Number of buildings

Building area gross

205,545 sf

Occupancy

95.9%

Tenants

Year built

1989

WAULT

2.8 years

Clear height

18 ft

Portfolio description

Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, has been retained to market for sale the fee-simple interest in the Ashburn Shallow-Bay Portfolio (“the Portfolio”), a collection of three (3) industrial assets totaling 205,545 square feet. The Portfolio is 95.9% leased to 15 tenants with a 2.8-year weighted average lease term (WALT). Located approximately one (1) mile east of State Route 28 and 6 miles north of the Dulles Toll Road (Route 267), the Portfolio provides easy access to major highways and is roughly 30 miles from Washington D.C., accessible via the Dulles Toll Road and I-66. As such, the Portfolio offers investors the opportunity to control a premier industrial park in the DC area while also providing exposure to value-add returns rarely found in core industrial offerings.

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Investment Highlights

Institutionally Owned, 95.9% Leased Irreplaceable Industrial Assets
The Portfolio Has a 34.4% Mark-to-Market Opportunity with Short Term WALT Allowing Purchaser to Reset Rents Across the Portfolio in the Near-Term
Infill Shallow-Bay Properties with 23 Dock Doors and Rear-Load Configurations
The Dulles-Manassas Submarket has Experienced Unprecedented Rent Growth with Direct Market Rents Growing 50% in the Previous 36 Months (14.5% Annual CAGR)
Data Center Boom Creates Land Scarcity, Limiting Industrial Development and Inventory with 6.4MM+ SF of Industrial Displacement in the Pipeline