Dulles Technology Center III & IV_Property for Sale
Dulles Technology Center III & IV_Property for Sale
13600 & 13650 Dulles Technology Dr, Herndon, VA, 20171-4641, US

Dulles Technology Center III & IV

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative, is pleased to present this opportunity to purchase Dulles Technology Center III & IV (the “Portfolio” or “Properties”), a two-building 229,027 square foot office complex prominently located along the Dulles Toll Road in Herndon, Virginia. Cisco Systems, Inc. (S&P Credit Rating: AA-) anchors the complex, occupying the entirety of Dulles Technology Center IV (i.e. 50% of the Portfolio) since completion, and expires in March 2025. Dulles Technology Center III is currently 66% leased to six tenants, producing a Portfolio WALT of approximately 2.5 years.

Housed on a single 12-acre site located within 1/2 mile of the Innovation Center Metrorail Station, the Properties could provide investors with more than 1.0 million square feet of total density potential achieved through a rezoning process with Fairfax County. The Innovation Center Metrorail Station (<10 minute walk) has spurred a rapid transformation of the surrounding area into a thriving mixed-use, transit-oriented neighborhood. Over 1,400 residential units have been developed within a 1/2 mile radius of the Properties in the last 24 months, and another 2,610 units are slated for future development. 

Dulles Technology Center therefore presents a rare opportunity to maximize the site’s connectivity and integration into the surrounding placemaking developments and provides investors with significant flexibility regarding go-forward business plan and a variety of leasing outcomes with in-place tenancy.



Building area Net
229,027 sf
Year built
Land area net
12.14 acres (528,818 sf)


Investment Highlights

  • Two-Building, 229,027 RSF Class A Office Complex Currently 83% Leased to 7 Tenants with 2.5 Years WALT
  • Over 800,000 Square Feet of Additional Density Potential
  • Existing I-4 Zoning Allows for Data Center Use; Additional Density and Other Uses Achieved Through a Rezoning Application
  • Cisco Systems, Inc. (S&P Credit Rating: AA-) Has Occupied the Entirety of DTC IV Since Completion (50% of the Portfolio)
  • The Innovation Center Micromarket is Transforming into a Transit-Oriented, Mixed-Use Environment: Over 2.3 Million SF and 4,100+ Residential Units Planned or Recently Delivered
  • 1/2 Mile from the Recently Delivered Innovation Center Metrorail Station; One Metrorail Stop to Dulles International Airport
  • Delivered Free & Clear of Existing Debt; Seller Financing Available

Contact brokers

Dulles Technology Center III &amp; IV (0 Properties)

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Last updated
10 Apr 2023