Slew of Single Tenant Propeties on Market In Washington, DC

Cassidy & Pinkard Web Site

The Collins brothers at Cassidy & Pinkard in DC have been on a tear recently as the DC market continues to sizzle. The duo has three desirable single tenant offerings in various states of negotiation at the present time including:

6101 Stevenson Avenue, a Class A, 73,669 square foot office building located in the I-395 Corridor in the City of Alexandria, Virginia. Surface and garage parking for tenants and visitors. The building is 100% leased to Computer Sciences Corporation (CSC)/DynCorp, an “A” rated credit tenant, through February 2012. CSC/Dyncorp has a 12-yr NNN lease term escalating at 3% annually, offering long-term stable cash flow.

Edison Place is a 10-story trophy quality office building located at 701 9th Street, Washington, DC. This Class A, 363,918 square foot building is prominently sited one block west of MCI Center and across the street from The National Portrait Gallery. The property is 100%, NNN leased to PHI Service Company (a subsidiary of Pepco Holdings, Inc). PHI Service Company has master leased the building for a 25-year term and Pepco Holdings, Inc. is the guarantor. Building amenities include a rooftop terrace, which provides spectacular views of the Washington Monument and US Capitol, and a four-level underground parking garage. Edison Place presents investors the opportunity to purchase a trophy quality asset that offers credit tenancy, prime location and escalating cash flow.

Avion Midrise III & IV are two freestanding, newly-constructed twin office buildings totaling 143,011 square feet, which are located within the exclusive Avion Business Park in Chantilly, Virginia. Both buildings are three-stories and offer large floorplate sizes of 23,685 square feet, which are designed to serve single and multi-tenanted users. The buildings are 100% leased to two credit tenants –GSA-Drug Enforcement Agency and Lockheed Martin. Amenities within the park include a fitness facility, jogging trails and a café for tenants to enjoy. Sphere: Related Content