11100 Endeavor Court_Property for Sale
11100 Endeavor Court_Property for Sale
11100 Endeavor Ct, Manassas, VA, 20109, US

11100 Endeavor Court

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for 11100 Endeavor Court (“11100 Endeavor” or the “Property”), a 42,668 RSF Class A office building with an additional 2.58-acre parcel of development-ready land located in Manassas, Virginia. This 2012-vintage product contains 9,126 SF of purpose-built wet lab space occupied by the Prince William County Virginia Science Accelerator (Prince William County: AAA S&P), a biotech incubator space operated by the County’s Department of Economic Development. With no competing office under construction and significant land constraints, 11100 Endeavor is optimally positioned with durable cash flow in one of the fastest growing submarkets in Northern Virginia.


The Property is strategically located in one of Northern Virginia’s most accessible areas by car, rail, and air. The Property is seven minutes from Manassas Regional Airport (MNZ), which is currently in the process of expansion to commercial service, and 25 and 40 minutes from Dulles International Airport (IAD) and Reagan National Airport (DCA), respectively. All the major vehicular thoroughfares in the region are easily accessible due to the Property’s direct frontage to Prince William Parkway and location five miles from I-66 and 20 miles from I-95. The Manassas Rail Station is also less than five miles from the Property, making commuter rail transit to downtown DC on the Virginia Railway Express Manassas Line and intercity travel on Amtrak’s Northeast Regional service (Amtrak’s busiest route, with more than seven million in annual ridership) extremely convenient. With all these multimodal transit options in close proximity, the Property truly boasts local, regional, and international connectivity.


This transit-oriented location is in the heart of Prince William County, one of the DC metro’s largest data center and life sciences clusters. As such, the County has invested significant resources to capitalize on its unique STEM capabilities and promote economic development. The 1,700-acre Innovation Park where the Property is located is a mixed-use science and technology-oriented employment hub immediately adjacent to George Mason University’s Science and Technology Campus. The county has supported development of Innovation Park as a pedestrian-oriented research district, estimated to create between 20,000 and 40,000 jobs in the area by the County Small Area Plan and complement GMU’s $83.6 million research facility currently under construction and its plans for a potential new medical school. Prince William County’s investment to grow Manassas into a premier biotechnology hub includes maintaining the Prince William County Virginia Science Accelerator at the Property. This life sciences incubation facility fosters early-stage research companies by providing them high-quality wet lab space and amenities in an unbeatable location among federal, university, and corporate research facilities and institutions. Startups who grow out of their space in the Accelerator also have access to larger wet lab facilities in the 2022-delivered 30,000 SF Northern Virginia Bioscience Center across the street from the Property. This commercial wet lab space offers larger suite sizes for accelerated companies, creating an organic pipeline for bioeconomy growth in Manassas. In this vibrant and expanding research hub, the Property fulfills a critical niche.


11100 Endeavor represents a rare opportunity to acquire an asset with credit-rated tenancy and durable in-place cash flow with additional development potential in a rapidly growing biotech and data center cluster.

...

Attributes

Building area net
3,964 m²
Occupancy
100%
Year built
2012
Land area gross
2.02 ha
Number of floors
3 floors

Media

Investment Highlights

  • 100% Leased to Three Tenants with 5.9 Years of WALT; Durable and Diverse Cash Flow
  • Rare Covered Land Play Opportunity and Additional 2.58-Acre Parcel with By-Right Zoning for Future Commercial Development
  • Unmatched Visibility and Accessibility along Prince William Parkway (40,000+ Daily Drivers)
  • Class A Finishes on a 2012 Vintage, One-of-a-Kind Office including Purpose-Built Lab Space Maintained by the Prince William County Department of Economic Development
  • Infill Location in Manassas, VA, Just Five Miles from I-66 and Within Seven Minutes of Manassas Regional Airport
  • Adjacent George Mason Science and Technology Campus Drives an Emerging Biotechnology Research Cluster Unique in the Northern Virginia Market
  • Land-Constrained Market with Depleting Office Inventory; Data Center Revolution Limits Future Office Development Competition
  • Proximity to Northern Virginia Demand Drivers, FBI Field Office, Innovation Tech Park, National Reconnaissance Office, and CIA
11100 Endeavor Court 4_Property for Sale
11100 Endeavor Court 4_Property for Sale

Contact brokers

11100 Endeavor Court (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
16 May 2024