Dominion Point_Property for Sale
Dominion Point_Property for Sale
Elden Street 381, Herndon, VA, 20170, US

Dominion Point

Asset Description

 

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner & Lender, is pleased to present this opportunityto purchase Dominion Point, a four-story office complex situated on 6.88 acres in Herndon, Virginia. Encompassing 184,531 BRSF, the Property is the beneficiary of $6.6 million in improvements including a contemporary atrium, state-of-the-art fitness center and reimagined common areas. Currently 100% leased to 9 Tenants, the Property has 1.3 years of WALT and is anchored by the Department of the Interior (LED Apr-24, 50% of RBA) who is in the process of negotiating a downsize and extension with the Landlord.


Given the Property’s excellent physical characteristics and tenant profile, investors are offered significant business plan flexibility to either leverage Seller’s recent amentization to capture tenant demand or to pursue reentitlement for an alternative use. Dominion Point’s compelling basis coupled with business plan optionality offers investors compelling risk-adjusted returns through a variety of monetization strategies.

 

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Attributes

Building area net
17,150 m²
Occupancy
100%
Year built
1986
Land area gross
0.62 m²

Media

Investment Highlights

  • Institutional Quality 184,531 BRSF Class A Office Asset
  • Recently Repositioned with a Market-Leading $6.6MM Amenity Package
  • Superior Regional Accessibility Via the Dulles Toll Road; 10 Minutes to Dulles International Airport
  • Accessible to the Herndon Metrorail Station (Silver Line)
  • 100% Leased to Nine Tenants with 1.3 Years of WALT
  • 6.88 Acre Site with Abundant Surface Parking (3.4 Spaces /1,000 SF)
  • Located At the Intersection of Federal Spending & Big Tech > Amazon, Microsoft & Google Continue to Expand Along the Dulles Toll Road


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Dominion Point (0 Properties)

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Last updated
4 Mar 2024