INDUSTRIAL PROPERTY SALE - OFFERING MEMORANDUM. 106 EXECUTIVE DRIVE Sterling, VA 20166

Transcription

1 INDUSTRIAL PROPERTY SALE - OFFERING MEMORANDUM 106 EXECUTIVE DRIVE Sterling, VA 20166

2 TABLE OF CONTENTS 01 EXECUTIVE SUMMARY :: The Offering :: Recent Improvements :: Location Highlights :: Site Highlights 02 PROPERTY DESCRIPTION :: Property Highlights :: Aerial Overview :: Plat :: Floor Plan :: Property Photos PREPARED BY: BOB GIBBS Executive Vice President CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

3 EXECUTIVE SUMMARY CBRE Inc. has been retained as the exclusive advisor and agent to represent the ownership in the sale of 106 Executive Drive, Sterling, Loudoun County, Virginia (the Property ). The Property is comprised of 23,265 square feet of flex/warehouse, on 2.47 acres of land, in the heart of the Dulles/Route 28 North submarket, within 1 mile of the Washington Dulles International Airport. LOCATION HIGHLIGHTS :: Quick/Easy access to: Route 28 The Dulles Toll Road I-66 Route 50 THE OFFERING :: SALE PRICE: $4,000,000 :: PRICE PER SF: $ SITE HIGHLIGHTS :: 23,265 SF Flex Warehouse :: 35,786 SF Fenced Outdoor Storage :: 7 Drive-Ins (20 w x 14 h) and 1 Dock (7 w x 10 h) :: Within 1 mile of Washington Dulles International Airport :: 86 parking Spaces

4 :: ADDRESS: 106 Executive Drive Sterling, Va :: BUILDING TYPE : Flex Warehouse :: PREMISES: 23,265 TOTAL SF 16,065 Warehouse 7,200 SF of Office with: - 3 Large Open Office Areas (1,110 SF / 1,044 SF / 841 SF) - 10 Individual Offices - Large Break Room - Large Changing Room :: OUTDOOR STORAGE : 35,786 SF (Fenced) :: LOADING: 7 Drive Ins (20 W x 14 H) 1 Dock (7 W x 10 H) UTILITIES (ALL ON SITE) :: GAS: Washington Gas PROPERTY HIGHLIGHTS :: CLEAR: :: DEPTH: 146 :: PARKING: 86 Spaces (44,000 SF of Improved Asphalt) :: YEAR BUILT: 1987 :: EXTERIOR CONSTRUCTION: CLC MSNRY :: ZONING AND COUNTY: PD-GI 1972/Loudon County :: TAX MAP PIN: INVESTMENT HIGHLIGHTS/RENT ROLLS :: NOI: $215, (1/1/2016-1/31/2021) Flat Rate :: SEWER: Loudoun County :: WATER: Loudoun County :: ELECTRIC: Dominion Power :: SINGLE TENANT (100% OCCUPANCY): Trugreen Limited Partnership Occupies: 23,265 SF Rate = $9.25 / SF (1/1/2016-1/31/2021) Flat Rate :: FIBER: Available Providers: Comcast or Verizon

5 Dulles Toll Rd Moran Rd Underwood Ln Old OX Rd Bryant Ct Pacific Blvd Executive Dr Relocation Dr Dulles Summit Ct AERIAL OVERVIEW

6 PLAT

7 WOMENS MENS CHANGING ROOM OPEN BREAK ROOM OPEN OPEN MECHANICAL FLOOR PLAN

8 PROPERTY PHOTOS 106

9 PROPERTY PHOTOS 106

10 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.