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.
- 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.