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

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2002
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive representative for the Owner, is pleased to present this offering for the sale of Fair Lakes VII (the "Property"), located at 12730 Fair Lakes Circle in Fairfax, Virginia. Collectively 81% leased to 3 tenants with approximately 7 years of weighted average remaining lease term ("WALT"), the Property is anchored by Huntington Ingalls Industries (36% of RBA; Moody's Rating: Baa3) and MAG Aerospace (26% of RBA; headquarters location) long-term. This surety of cash flow affords investors significant downside protection while executing a renovation and restabilization of the asset near-term.


The Property is part of the broader 650-acre Fair Lakes mixed-use master planned community featuring 1.3 MM SF of office, 2.0 MM SF of retail, over 2,000 residential units, and the 338-room Hyatt Regency Fairfax. Located in the heart of Fairfax County, the third wealthiest county in the United States and home to Northern Virginia’s largest defense and intelligence community demand drivers, the Property possesses tremendous accessibility to major commuter thoroughfares such as I-66, the Fairfax County Parkway, and Route 50, while offering tenants an amenity-rich experience thanks to the numerous eateries and shops within a short walk or drive.


Accordingly, Fair Lakes VII represents an exceptional opportunity to acquire an institutional quality office asset below replacement cost and achieve value-add returns through the amenitization and restabilization of the asset near-term.

Investment Highlights

  • 81% Leased, 150,871 RSF Class A Suburban Office Asset


  • Anchored Long-Term by Credit Tenants Huntington Ingalls Industries (36% of RBA; Moody’s Rating: Baa3) and MAG Aerospace (26% of RBA)


  • Major Fairfax County Thoroughfares – I-66, Fairfax County Parkway, Fair Lakes Parkway, and Route 50 – Provide Broader Connectivity to Northern Virginia and the Greater Washington, DC Metropolitan Region


  • The Shops at Fair Lakes, East Market at Fair Lakes, Fair Lakes Center, Fair Lakes Promenade, Fairfax Towne Center, Fair Oaks Mall, and Fairfax Corner, Offering a Host of Major Retailers and Grocery Stores, Are Just a Short Drive from the Property


  • Situated in the Heart of Northern Virginia’s Defense & Intelligence Community – DC Metro received over $130 Billion in Federal Contract Awards in 2020, An All-Time High


  • Proximity to Downtown Washington (30 minutes), Arlington (20 minutes), Dulles International Airport (20 minutes), and Ronald Reagan Washington National Airport (30 minutes)


  • Value-Add Offering Priced at a Compelling Discount to Replacement Cost


  • Free & Clear of Existing Debt
Last Updated Date: 09 Apr 2021
Matt Nicholson
Matt Nicholson
Managing Director
License details
DC-SP98369865 MD-641934 VA-0225191878
James Molloy
James Molloy
Managing Director, Capital Markets

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.

+84869421324
Last Updated Date: 09 Apr 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

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