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Executive Summary
KSR is exclusively retained to market 45900 Old Ox Road, a 19,600 SF single tenant industrial outdoor storage (IOS) building on a 1.76-acre lot in Sterling, Loudoun County, Virginia. The property is strategically located within the supply-constrained Dulles industrial corridor, minutes from Washington Dulles International Airport. The asset is 100% net-leased to United Rentals Realty, LLC, the world’s largest equipment rental company and an S&P 500 constituent, under a lease originally dated July 13, 2017. The lease provides for 3% annual base rent escalations. United Rentals has recently exercised its second 3-year renewal option and would entertain exercising the final 3-year option, delivering up to six years of remaining contractual term. This institutional-grade, credit-anchored property offers a stable and growing income stream backed by a premier tenant in a location with strong barriers to new supply.
S&P 500 CREDIT TENANT
100% net-leased to United Rentals Realty, LLC (world’s largest equipment rental company and S&P 500 constituent).
STRATEGIC DULLES INDUSTRIAL LOCATION
Located in Loudoun County’s supply-constrained Dulles corridor, the property benefits from proximity to Washington Dulles International Airport and strong IOS demand.
UP TO 6 YEARS OF TERM
One additional 3-year renewal options provide up to six years of remaining term if exercised.
SUPPLY-CONSTRAINED IOS SITE
19,600 SF industrial outdoor storage building on 1.76 acres in Loudoun County, minutes from Washington Dulles International Airport.
S&P 500 CREDIT TENANT
100% net-leased to United Rentals Realty, LLC (world’s largest equipment rental company and S&P 500 constituent).
STRATEGIC DULLES INDUSTRIAL LOCATION
Located in Loudoun County’s supply-constrained Dulles corridor, the property benefits from proximity to Washington Dulles International Airport and strong IOS demand.
UP TO 6 YEARS OF TERM
One additional 3-year renewal options provide up to six years of remaining term if exercised.
SUPPLY-CONSTRAINED IOS SITE
19,600 SF industrial outdoor storage building on 1.76 acres in Loudoun County, minutes from Washington Dulles International Airport.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Showroom | Parking Ratio | 1.02/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 1.76 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 19,684 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | PD-GI - Planned Development-General Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.76 AC |
| Rentable Building Area | 19,684 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.02/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | PD-GI - Planned Development-General Industrial |
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Rental and Leasing Services
- -
- -
- -
United Rentals began in 1997 and built its business through equipment rental and acquisition-led expansion. The company serves construction and industrial customers, utilities, municipalities, homeowners, and other users with equipment and tool rentals, specialty solutions, worksite services, and digital ordering tools. United Rentals also offers vertical-focused services that include flooring and facility solutions, power and HVAC, fluid solutions, trench safety, storage containers and mobile offices, communications, and reliable onsite services. The company maintains a broad North American rental network and also serves international markets through integrated operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Rental and Leasing Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 034-29-9330 | Improvements Assessment | $3,178,590 |
| Land Assessment | $843,300 | Total Assessment | $4,021,890 |
Property Taxes
Parcel Number
034-29-9330
Land Assessment
$843,300
Improvements Assessment
$3,178,590
Total Assessment
$4,021,890
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