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23585 Overland Dr
Sterling, VA 20166
Two Dulles Technology Corridor Industrial Con · Industrial Property For Sale

EXECUTIVE SUMMARY

Three Pedals 2+ Years Remaining On Lease | Annual Rental Increases | Long Operating History • The tenant, Three Pedals has approximately 2 years remaining on their 4-year lease extension and has ensured regular, timely rent payments throughout the lease as well as during the COVID-19 pandemic • The lease features 3% annual rental increases, generating NOI and hedging against inflation • Vehicle customization shop with more than 15 years of operating history NNN Lease | Fee Simple Ownership • Tenant reimburses expenses • Ideal, low-management investment for a passive investor Intell Auto Service 3+ Years Remaining On Lease | Annual Rental Increases | Personal Guaranty • The tenant, Intell Auto Service has more than 3 years remaining on their 7-year lease extension and has ensured regular, timely rent payments throughout the lease as well as during the COVID-19 pandemic • The lease features 3% annual rental increases, generating NOI and hedging against inflation • Personal guaranteed lease, demonstrating their long-term commitment to the site • Intell Auto Service has expanded to adjacent unit to accommodate their growth NNN Lease | Fee Simple Ownership • Tenant reimburses for CAM, taxes and admin • Ideal, low-management investment for a passive investor Dulles Trade Center ll | Dulles Gateway Silverline Metro Station | 3 Star Industrial Flex Space | Low Vacancy Rate • Located in the Dulles Trade Center II, off Route 606 • Minutes from the Dulles Gateway Silverline Metro Station • Route 606 widening project improved access to Dulles Metro and Route 50 West (31,000 ADT) • Highly adaptable 3 Star industrial flex space with PDGI zoning • Essential automotive services remained open and current in rent throughout the pandemic • Minutes from Dulles Airport, Route 28 and the Dulles Greenway Strong Demographics in 5-mile Trade Area • More than 163,000 residents and 71,000 employees support the trade area • $186,809 average household income

PROPERTY FACTS

Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 5.05 AC
Rentable Building Area 75,398 SF
No. Stories 1
Year Built 2015
Parking Ratio 1.3/1,000 SF
Clear Ceiling Height 22’
No. Drive In / Grade-Level Doors 2
APN / Parcel ID
123-19-2280-014
  • 123-19-2280-021
Zoning PDGI - Auto Service, Repairs & Sales, Fabricating, Warehouse, Manufacturing, Distribution, Health & Fitness, Training

AMENITIES

  • Signage

UTILITIES

  • Lighting - Halide
  • Heating - Gas
  • Listing ID: 21078887

  • Date on Market: 9/28/2020

  • Last Updated:

  • Address: 23585 Overland Dr, Sterling, VA 20166

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