Transwestern is offering for sale the fee simple interest in a 19 building infill logistics portfolio located within the Washington, DC metropolitan market. The Portfolio represents the rare opportunity to acquire critical mass (10% of the Springfield/Newington, VA submarket’s inventory), in one of the strongest economies in the country. Situated in Northern Virginia’s I-95 Corridor, the three industrial parks are within three miles of one another and serve a population where the median household income of over $140,000 is more than two-and-a-half times that of the national average. The Portfolio totals over a million square feet and is 76% leased. It is comprised of the Northern Virginia Industrial Park ("NVIP") and the Fullerton Portfolio; the latter consisting of the Fullerton Business Center (7401 Fullerton Road) and Fullerton Industrial Center (7664, 7666 and 7668 Fullerton Road).This offering is highlighted by the Portfolio’s location, a product type that is in high demand within a mature market where there are high barriers to entry and diminishing supply of industrial product. Since 2005, the industrial product within the I-95 Corridor has shrunk by 12.2%, or 1.6 million SF and there is an additional 814,300 SF slated to be demolished.
- Property Type : Portfolio
- Property Size : 1056000