$16.4 Million Non-Performing Office Senior Loan Sale | Washington, D.C.
56,018 平方呎
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase Fettler Park I & II (the “Property”), a two-building, 99,623 RSF Class A office complex located at 3800 and 3850 Fettler Park Drive in Dumfries, VA.
Built in 2006, Fettler Park I & II are 86% leased to 18 tenants with 4.3 years of weighted average lease term (WALT) and are strategically located at the intersection of I-95 and Route 234, providing unmatched accessibility to the entire DC Metro region. The Property is equipped with fiber connection, premium headquarters-quality finishes, abundant parking (4.1/1,000 ratio), and convenient access to a nearby amenity base offering a wide array of fast-casual lunch options. Direct proximity to federal demand drivers including Marine Corps Base Quantico (9-minute drive), Fort Belvoir, and the National Geospatial-Intelligence Agency (NGA) draws a large federal contractor tenancy base to the Woodbridge/I-95 Corridor submarket, which boasts a single-digit vacancy rate (6.1% as of Q1 2024). Accordingly, Fettler Park I & II offer investors the unique opportunity to acquire institutional-quality assets conveniently located in a submarket poised to outperform on a go-forward basis.