Industrial & Logistics

Pickett Industrial Park

841 S Pickett St Alexandria, Virginia United States 22304
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1973
Building Area
Occupancy 100.0 %

Property Description

3 Building small bay industrial complex located in Alexandria, VA. 100% leased to 6 tenants with a WALT of 3.5 years. The GSA occupies 135,000 SF across all 3 buildings and will vacate in 2021, giving investors and opportunity to push rents as they re-tenant the asset with more traditional industrial users.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for Pickett Industrial Park, “The Property”, an institutionally owned, multi-tenant warehouse complex comprised of 246,145 square feet across three-buildings in Alexandria, Virginia. Pickett Industrial Park is located inside the Capital Beltway in one of Northern Virginia’s innermost industrial submarkets and offers exceptional accessibility throughout the Washington, DC Metro area.
  • Pickett Industrial Park is 100% leased to six tenants with an average remaining lease term of 3.4 years. The Property features 18’-24’ ceilings, dock and drive-in loading and well-appointed interior office build outs.
  • With unmatched proximity to major demand drivers, an extremely functional layout and a multitude of potential suite sizes, Pickett Industrial Park will appeal to a vast array of tenants who desire immediate access to the high spending power of the nearby population.
  • Pickett Industrial Park offers investors a significant opportunity to acquire a fully leased warehouse project in one of the Washington, DC area’s most land constrained industrial markets. Investors will immediately benefit from the Property’s strong in-place cash flow and stable tenancy, while being well positioned to capture additional value from the Property’s long-term redevelopment potential at the center of Alexandria’s rapidly transforming Landmark / Van Dorn Corridor.
Last Updated Date: 27 Jul 2020
Bruce Strasburg
Bruce Strasburg
Senior Managing Director, Capital Markets
License details
DC-SP74953 MD-316086 VA-0225026468
Craig Childs
Associate

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+358931583230
Last Updated Date: 27 Jul 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.