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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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All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon or Stephen Van Leer at HFF, L.P. via email or by phone.

Brock Cannon | (212) 632-1808

Stephen Van Leer | (212) 632-1824 | svanleer@hfflp.com

 

 

Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Nick Matt early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.

 

Benefits of Engaging HFF/CW In Arranging Financing Include:

 

  • Transparency: Continued transparency in the debt capital markets for the subject opportunity based on real time conversations HFF is having with lenders
  • Extended Closing: Following a signed purchase and sale agreement, investor will have approximately 45 days to close to accommodate the lender’s diligence period versus 30 days for all-cash buyers
  • Access to Property: Lender will have access to the property, post contract, to complete their diligence prior to closing
  • Financing In Place: Allows the investor to close with financing in place

 

Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.

 

 

HFF’s Debt Placement Services

As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations. Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.

Loan Types HFF Assists With Include:

  • Fixed-rate loans
  • Construction loans
  • Forward loans
  • Tax-exempt loans
  • Floating-rate loans
  • Construction/permanent loans
  • Bridge/acquisition loans
  • Credit-tenant lease transactions

HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:

  • #1 Total Loan Originations
  • #1 Intermediary
  • #1 Insurance Company Originator
  • #1 Credit Company Originator
  • #1 Originator for Third Parties
  • #1 Total Direct Originations
  • #1 Seconds/Mezzanine/Preferred Equity Structures

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

Sold

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