Northern Virginia Gateway - Phase II_Property for Sale

210 Centreport Parkway, Fredericksburg, VA, 22406, US

Northern Virginia Gateway - Phase II

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative by the Owner to market for sale Northern Virginia Gateway - Phase II (“210 Centreport” or the “Property”) – a 559,480 square foot, newly built Class A+ industrial asset in Fredericksburg, Virginia. The Property features best-in-class specifications, including 40’ clear height, ESFR sprinklers, cross-docked loading configurations, and ample trailer parking.

Northern Virginia Gateway is a value-add investment offering in the growing data center and industrial node of Stafford County. Easily multi-tenanted with the ability to subdivide and offer two (2) distinct office locations at opposite corners of the asset, the Property is currently 40.7% leased to data center servicing company J.E. Richards through June 2032.

Located minutes from the access cloverleaf to both northbound and southbound I-95, 210 Centreport offers the convenient access e-commerce and supply chain/logistics companies require to efficiently operate. The Property is centrally located to serve both Metropolitan Washington, D.C. and Richmond, Virginia with a 1-hour truck trip.

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Attributes

Building area gross

559,480 sf

Occupancy

40.7%

Year built

2023

Number of loading docks

100

Clear height

40 ft

Parking spaces

564

Land area gross

36.17 acres

Media

Investment Highlights

RARE, VALUE-ADD INVESTMENT

Northern Virginia Gateway allows an investor to execute a short-term lease-up and sale/refinance, or allows an owner-user the ability to acquire a headquarters location with the potential for embedded growth space.

DATA CENTER DEVELOPMENT REDUCING INDUSTRIAL INVENTORY

The recent acquisition of 7,228 acres of land for data center development presents an opportunity for service providers/suppliers to the data center community and will place a premium on industrial land and rental rates.

ADVANTAGEOUS TAX SAVINGS IN STAFFORD COUNTY

Stafford County formally eliminated machinery and tools taxes and provides accelerated depreciation schedules on business property.

STAFFORD ATTRACTS DIVERSIFIED (DATA CENTER AND TRADITIONAL) INDUSTRIAL OCCUPIERS

J.E. Richards’ lease and recent expansion represents a commitment to the D.C. - Richmond Corridor data center market and highlights the explosive growth of the newest demand driver - data center servicers/suppliers.

EXCEPTIONAL ACCESSIBILITY

With immediate access to I-95, 210 Centreport offers excellent accessibility to the Greater D.C. Metro and Richmond markets.

FUTURE-PROOFED DESIGN

Recently-delivered state-of-the-art design and base building featuring a cross-docked design with multiple office nodes to facilitate easy multi-tenanting, superior power availability (up to 30-60 MW to meet advanced manufacturing needs), premium dock packages on the eastern side of the building (dock seals and levelers), advanced fire-life-safety, and enhanced off-dock trailer parking ratio among other features.

STAFFORD COUNTY’S FORTUNE 500 TENANT ROSTER

Surrounded by institutional ownership and tenants, including Amazon, O’Reilly Auto Parts, FedEx, DHL, and McGrath.