Industrial & Logistics

Pickett Industrial Park

841 S Pickett St Alexandria, Virginia United States 22304
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

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.

Key Facts

Year Built 1973
Building Area
Occupancy 100.0 %

Property Description

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.

Investment Highlights

  • 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.
Last Updated Date: 30 Sep 2020
Bruce Strasburg
Bruce Strasburg
Senior Managing Director, Capital Markets
License details
DC-SP74953 MD-316086 VA-0225026468
Craig Childs
Craig Childs
Director

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Last Updated Date: 30 Sep 2020

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