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RealINSIGHT Marketplace and Cushman & Wakefield are pleased to present the opportunity to acquire One Skyline Tower, a Class A office tower in metro Washington D.C. (the “Property” or “One Skyline”).    

THE OPPORTUNITY

  • Iconic Office Landmark in Fairfax County: 26-story, 520,463 square foot asset with sweeping views of the DC skyline.
  • Attractive basis: Value-add investment priced well below replacement cost.
  • Credit Tenancy with Significant In-Place Cash Flow: 100% leased to the US Government providing in-place income of $11.5M.
    • Department of Justice (36%) has a 15-year term through 9/15/2030 and recently invested significant dollars for brand new fit-outs.
    • Social Security Administration (64%) has a 10-year term through 9/30/2019, and there is a high probability of renewal.
  • Skyline City Campus: Part of 25-acre, 2.5 million SF master planned corporate campus with redevelopment potential to transform into a vibrant urban neighborhood with commercial, residential, recreational and amenity uses.
  • Strategic Location/Access: Situated on Leesburg Pike (Route 7) and equidistant to major roadways I-395 and Route 50 (Arlington Blvd), providing access to downtown DC, and the inner suburbs of Virginia and Maryland.
  • Amenity Rich District: Surrounded by three major shopping centers across Leesburg Pike including Crossroads Place, Bailey’s Crossroads and Leesburg Pike Plaza featuring popular big box retailers, grocery and dining. On-site Skyline retail includes Target, Starbuck’s, Sports & Health and CVS Pharmacy.
  • Proximity to Major Demand Drivers:
  • Pentagon
  • Fort Belvoir
  • Future TSA Headquarters
  • Washington Headquarters Services
  • National Geospatial Intelligence Agency
  • Patent & Trademark Office
  • National Science Foundation

 

Prospective investors are afforded a unique opportunity to acquire this landmark asset directly from the special servicer.  One Skyline offers purchasers substantial cash flow from GSA tenancy in an established Washington D.C. market.

One Skyline is situated on a 4.56 acre site along Route 7 (Leesburg Pike) and South George Mason Drive in Falls Church, Virginia. The 26-story building has excellent visibility and access to the surrounding area and is the most prominent building within the greater Skyline mixed-use development. 

Please contact Chris McGlone at (202) 266-1171 - Chris.Mcglone@cushwake.com or Shaun Weinberg at (202) 463-1354 - Shaun.Weinberg@cushwake.com for tours of the asset. 

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CW Capital Markets and Cushman & Wakefield

Financing Options to Facilitate your Purchase of the Property

 

ADVANTAGE OF USING CUSHMAN & WAKEFIELD

  • Closing timeline managed for financing
  • Access to the property for lender due diligence (3rd party reports)
  • Reliable execution team with 25 years of experience in debt / equity and structured finance
  • Multiple lenders with pre-approved quotes
  • Access to lenders with experience and knowledge of the auction process

 

OPTIONS

  • C&W preliminary underwriting completed
  • Source of capital: banks / debt fund / CMBS / life company
  • Fixed and floating rate debt options
  • Loan Terms: 3 yr. fixed or floating / 5 yr. fixed or floating / 7 yr. fixed or floating / 10 yr. fixed
  • LTV: 50% -75%
  • Non-Recourse
  • Interest Only

 

NEXT STEPS

  • Contact: John Campanella at (202)-266-1183 or John.Campanella@cushwake.com
  • Complete your Debt Placement Agreement
  • Register Bid
  • Win Auction
  • Complete Lender Checklist
  • Close Loan

 

 

John J. Campanella
Executive Managing Director

Equity, Debt and Structured Finance

Direct: 202-266-1183
john.campanella@cushwake.com

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

One Skyline Tower

5107 Leesburg Pike, Falls Chruch, VA 22041

INDICATIVE ROUND BEST & FINAL / CUSTOM SALE

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How Our Bid Process Works
Current Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 520,463 Sq Ft
  • Land Area
  • 4.56 Acres
  • Year Built
  • 1987
  • Number of Floors
  • 26
  • Number of Buildings
  • 1
  • Parking Count
  • 1,275
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jun 30, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #2907003627

      Co:2908000783