3120 Fairview Park Drive

Asset Type

Office

Address
3120 Fairview Park Dr Falls Church, VA United States 22042-4568
Asking Price

Contact for pricing

Sq Footage

191,110

Year Built

2008

Cap Rate

N/A

Additional Attributes

Property Description

Strategically located trophy quality building for sale in Fairview Park, one of Washington, D.C.’s premier office parks. Constructed in 2008 and totaling 195,260 sq. ft., it’s the newest office building in the park. The property boasts finished ceiling heights, a prominent glass window line, column-free perimeter, state-of-the-art building systems, cutting-edge tenant designs, and a full suite of building amenities. Located at the junction of I-495, I-66 and Route 50, allowing uninhibited access to Metro D.C. and the labor pool there. In addition to the main building, the 7,430 sq. ft. former Fairview Park marketing center (now 3112 Fairview Park Drive) has been converted into a boutique office building and is single-tenant leased on a long-term basis. In close proximity to the Defense Health Agency, Inova Fairfax Hospital and Inova Center for Personalized Health. Twenty-five percent of Fairview’s tenancy serves the healthcare industry, including SpinSys, Claims Resolution Management, Next Century Corporation and Maximus.

Investment Highlights

  • Currently 87.5% leased with an average term of 7 years
  • Approximately 60,000 sq. ft. of new expansion leases signed in the last 12 months
  • Institutionally-owned and maintained 70% structured parking with a ration of 3.0 per 1000 sq. ft.
Listing Contacts
Bill Prutting
Contractor Broker
+65 3159 4021
James Molloy III
James Molloy III
EVP, Capital Markets
+65 3159 4021
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