Crown Center_Property for Sale
Crown Center_Property for Sale
8209 - 8211 Terminal Road, Lorton, VA, 22079, US

Crown Center

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase Crown Center (the “Properties” or “Complex”), a two-building, 230,291 SF Class A flex office complex located at 8209 & 8211 Terminal Road in Lorton, Virginia. The Properties are 100% leased to 8 tenants with 5.9 years of weighted average lease term (“WALT”). Anchored by Modern Technology Solutions, Inc. (MTSI), which recently expanded by over 64,000 SF and extended through June 2033, the Properties boast an entrenched government contractor tenancy with approximately 80% of the tenancy containing secure space.


The Properties are strategically located less than 2.5 miles from prominent federal demand drivers at Fort Belvoir and the Geospatial‑Intelligence Agency (“NGA”). Fort Belvoir is home to a diverse array of Department of Defense (“DOD”) and intelligence community units and serves over 120 satellite organizations. The Fort Belvoir region has benefited from a 30% increase in government contract award volume since 2017 and commanded nearly ¼ of all government contracts awarded in the state of Virginia in 2022. Convenient vehicular access to Route 286 (Fairfax County Parkway) connects the Properties to Fort Belvoir and proximity to I-95 provides connectivity to the entire DC Metro region.


As the only Class A flex office assets within a 5-mile radius of Fort Belvoir, the Properties are positioned to outperform as increased federal spending in the region creates a reliable future tenant base. Accordingly, Crown Center is a compelling investment opportunity that offers an entrenched, credit-worthy rent roll providing durability of cash flow and a supply constrained submarket offering rental rate upside.

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Investment Highlights

  • 230,291 RSF Highly Secure Flex Office Complex
  • 100% Leased to 8 Tenants with 5.9 Years of WALT
  • Mission Critical Location for Anchor Tenant MTSI – A DOD and Intelligence Community Government Contractor Occupying 92,000+ RSF (40% of RBA) Through June 2033
  • Entrenched Government Contractor Tenancy with Invested Infrastructure Throughout Rent Roll – +/- 80% of Tenancy Contains Secure Space
  • Direct Proximity to I-95 and Route 286 (Fairfax County Parkway) Provides Convenient Vehicular Access to the Entire DC Metro Region
  • Unfettered Access to Key Federal Demand Drivers (Fort Belvoir and National Geospatial-Intelligence Agency Both less than 10-Minutes Away) Positions Complex to Outperform – Property is Only Class A Flex Office Property Within 5 Miles of Fort Belvoir
  • Fort Belvoir Region has Experienced 30% Increase in Government Contract Award Volume Since 2017 and Received Nearly ¼ of All Government Contracts Awarded in Virginia in 2022
  • Supply Constrained Submarket – Zero Class A Flex Office Space has Delivered Within a 5-Mile Radius of Fort Belvoir in the Last 10 Years and No New Construction in the Pipeline

Attributes

Building area gross
230,291 sf
Occupancy
100%
Year built
2005
Land area gross
13.21 acres (575,571 sf)
WAULT
5.9 years
Building class
A

Contact brokers

Crown Center (0 Properties)

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Last updated
30 Oct 2023