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3701 Pender Drive - Pender Business Park, Fairfax, VA

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3701 Pender Drive - Pender Business Park

Fairfax, VA 22030-0988 - Fairfax Center Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1985
Stories:5 Typical Floor:20,699 SF Building Size:102,364 SF
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; 200 Covered spaces are available; Ratio of 3.5/1,000 SF Amenities:Balcony, Energy Star Labeled


10/1998: CMD Realty Investment Fund II sold building to Archon Group for $13.1 million. CMD Realty Advisors represented the seller. Eastdil Realty Company LLC negotiated for the buyer.

7/1995: CMD Realty Investors, Inc. purchased the building for $6.2 million from Sovran Bank National Trustee. CB Commercial represented the seller.

* Convenient Fairfax County location.
* Abundance of services - including Fair Oaks Mall - all within minutes.
* Fiber optics telecommunications.
* Immediately east of the intersection of I-66 and Route 50, 15-minute access to Dulles Airport and 30 minute access to both Washington National Airport and Washington, DC.


This building was awarded an Energy Star label in 2016 for its operating efficiency.

Sale Notes:
Starting Bid: $3,000,000
Auction Date: 07/24/2017

Investment Highlights:
• Five story, 102,364 square foot Class A office building 90% leased to diverse tenant base.
• Significant value-add potential at substantial discount to replacement cost.
• Located at the Interstate 66 and US Route 50 interchange providing easy access to the Washington, DC metro region.
• Institutionally owned and maintained for the past 10 years.

Investment Overview:
3701 Pender Drive is a five-story, 102,364 square foot Class A office building located in the Fairfax Center submarket of Northern Virginia. The asset is 90% leased to a diverse mix of tenants providing an investor near term cash flow with significant upside potential through lease up of future vacancy. 3701 Pender Drive benefits from its proximity to the area’s abundance of restaurants, retail and entertainment options and is conveniently situated at the I-66 and Route 50 interchange, two major east/west arteries which provide easy access to the Washington, DC metro region.

This offering represents a prime opportunity for an investor to acquire a quality asset with significant value add potential at a substantial discount to replacement cost.

Cushman & Wakefield
Eric D Berkman
(202) 776-7170

Kaleigh Jones
(202) 776-7173

  
Ten-X, LLC
Kirk Christensen
(949) 672-3664

Ten-X Commercial
(800) 793-6107




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