Map pinGainesville, VA, US, Americas

Wellington Center

Wellington Center_Pand te koop

Kenmerken

Aantal gebouwen
3
Bruto gebouwoppervlakte
12.362 vierkante meter
Bezettingspercentage
94%
Bouwjaar
2008
WAULT
3.75 jaren
Vrije hoogte
5,49 m
Huurders
13

Beschrijving


Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present Wellington Center, a three-building light-industrial complex totaling 133,064 square feet in Gainesville, Virginia. This offering represents a rare acquisition opportunity in the supply-constrained Dulles-Manassas submarket.


The Property is 94% leased to 13 tenants across six industries, providing stable cash flow with growth potential. With a 3.75-year Weighted Average Lease Term (WALT) and in-place rents approximately 13% below market, Wellington Center offers a quick path to mark-to-market as 76% of the space expires within five years.


Market fundamentals in Dulles-Manassas are exceptionally strong with 41% rent growth since 2021 and a tight 3.1% vacancy rate. The Property stands to benefit as over 7 million square feet of industrial space is expected to be displaced by data center development over the next three years.


Wellington Center offers both immediate stability through its diverse tenant roster and compelling value-add potential through below-market rents. The Property's strategic location, transportation connectivity, and flexible and functional configurations position it to capitalize on the displacement trend that has driven 8% annual rent growth over the past 5 years. As data centers continue consuming industrial supply, Wellington Center represents a premier investment opportunity in Northern Virginia's tightening market.


...

Investeringskenmerken

EXCEPTIONAL OCCUPANCY AND STABILITY

  1. With a 94% occupancy rate across 13 tenants, the portfolio showcases strong tenant demand in the Dulles-Manassas submarket.

FUNCTIONAL AND VERSATILE FLEX ASSET

  1. With 34 dock-high doors, 13 drive-ins, and 18'/16' clear heights, the portfolio offers versatile space appealing to a broad variety of tenants.

STRENGTHENING MARKET FUNDAMENTALS

  1. The portfolio's short-term 3.75 WALT and 13% below market rents allow investors to take advantage of increasing rents with 41% rent growth since 2021.

STRATEGIC INFILL LOCATION

  1. Located just 5 minutes away from the intersection of I-66 & Route 29, affording premier access to Northern Virginia and Washington D.C.'s affluent consumer base.

DATA CENTER-DRIVEN, SUPPLY CONSTRAINED REGION

  1. Market rents expected to continue to rise with vacancy tightening as the data center redevelopment pipeline eclipses 7 MM + SF.
Wellington Center 4_Pand te koop
Wellington Center 4_Pand te koop
Wellington Center (3 Eigendommen)
Wellington Center (3 Eigendommen)

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Laatst bijgewerkt
2 jul 2025