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Institutional Quality Value-Add Office Opportunity

 Washington DC Metro Area

 

Investment Highlights

  • Institutional quality asset that will sell well below replacement cost
  • 2 blocks from Spring Hill Metro Station
  • Spring Hill Metro is being transformed by the new 3 million sf mixed-use development project known as "The View"
  • Highly walkable amenities
  • Ample Parking
  • Redevelopment potential due to Tysons upzoning
  • Park-like setting centered around a scenic pond in an urban area
  • Prior to foreclosure, property had a 10-year average Occupancy of 93%
  • Excellent vehicular access via Rt 7 – immediate access to Dulles Toll Road (267) and I-495

 

Transwestern’s Mid Atlantic Capital Markets Group and RealINSIGHT Marketplace are pleased to present for sale Tysons Pond II, 1604 Spring Hill Road located in Tysons, VA. The 67,151 SF office building is 71% leased and is adjacent to the new, Spring Hill Metro Station on the Silver Line. This value-add opportunity provides an investor the opportunity to create value through the lease-up of the vacancy while capitalizing on the new 3 million square foot mixed-use development at the Spring Hill Metro known as “The View”.  The View will have a 600-foot office tower, 5-Star Hotel, luxury apartments and condos, a world-class performing arts center, and over 100,000 sf of retail.  As the Spring Hill Metro transforms into an Urban Center similar to Ballston, rents at Tyson’s Pond II will outpace the broader market.  Furthermore, the Property has been upzoned providing an investor with the optionality to redevelop the site in the future.

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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.

Tyson's Pond Office Building

1604 Spring Hill Road, Vienna, VA 22182

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Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 67,151 Sq Ft
  • Land Area
  • 2.15 Acres
  • Year Built
  • 1989
  • Number of Floors
  • 4
  • Number of Buildings
  • 1
  • Parking Count
  • 516
  • Occupancy
  • 71.06%
  • Occupancy as of
  • Jul 31, 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