Industrial & Logistics

380 Herndon Parkway

380 Herndon Parkway Herndon, VA United States 20170
Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1984

Property Description

The Property has excellent accessibility via the Dulles Toll Road (I-267) and will benefit from the continuing Metro Silver Line Phase II development. This critical Herndon location not only affords the Property excellent Dulles Toll Road access, but also places it within walking distance of the Herndon Silver Line Metro Station. The completion of this second phase of the $5.6 billion Silver Line is transformational for both Herndon and the Property, connecting tenants and area residents via mass transit to key regional employment hubs such as Tysons Corner, the Rosslyn-Ballston Corridor, and downtown Washington, DC. The Silver Line will also spur significant transit-oriented development surrounding the Herndon Metro Station. Direct proximity to nearby GSA facilities and on-site fiber and electrical infrastructure make the Property a highly desirable destination for data centers and government contractors alike. In summary, this investment offering represents a coveted opportunity to acquire a well-leased, quality asset in a burgeoning submarket. The attractive in-place cash flow is secured by data center and on-site fider infrastructure and a highly captive tenant. Investors will also benefit from the Property’s central location in the heart of the rapidly redeveloping Metro Silver Line Corridor.

Investment Highlights

  • Jones Lang LaSalle as exclusive representative for the Owner, is pleased to present this offering for the sale of 380 Herndon Parkway, Herndon, Virginia. The 47,462 sqaure foot building is 100% NNN leased to the Smithsonian Institution. Their buildout includes a robust data center that serves the entire Smithsonian collection and some traditional office space. The tenant has occupied the entirety of the mission-critical location for more than 14 years.
  • The Smithsonian Institution is an independent trust instrumentality of the United States which comprises the world’s largest museum and research complex; includes 19 museums and galleries, the National Zoo, and research facilities in several States and the Republic of Panama; and is dedicated to public education, national service, and scholarship in the arts, sciences, history, and culture.
Bruce Strasburg
Bruce Strasburg
Senior Managing Director

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