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950 Herndon 950 Herndon Pkwy 90,855 SF 84% Leased Office Building Herndon, VA 20170 For Sale
Investment Highlights
- 84% leased
- 4.6 acre site with additional development potential
- 35% of income from PNC Bank + medical users
- 25% of the Town of Herndon's office inventory is coming "offline"
Executive Summary
office space situated on 4.58 acres and is anchored by a PNC Bank branch with drive-through, one of the largest deposit holders in Fairfax County. The rent roll is further diversified by a growing base of medical and healthcare tenants, alongside professional services and financial users.
New ownership will acquire an asset that was resilient when facing headwinds and positioned to be market dominant based on supply reduction tailwinds. The Property has maintained an 85% average occupancy, through a global pandemic and years of office market disruption, without the tailwind it’s about to receive. Nearly 25% of the Town of
Herndon’s total office inventory is being permanently removed through demolition and conversion, forcing tenant demand into a shrinking pool of functional, well-located
assets. This building has already proven it’s one of them.
Property Facts
Amenities
- Banking
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Health Care and Social Assistance
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$9.99
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Lorem Ipsum
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Jan 0000
Alliance Physical Therapy operates a network of outpatient clinics providing physical therapy and rehabilitation services. The company focuses on treating musculoskeletal injuries, post-surgical recovery, and chronic pain management through personalized care plans. Founded in 2000, it offers specialized services such as orthopedic rehabilitation, sports injury recovery, and workplace injury prevention. Alliance Physical Therapy is privately held and does not trade on public markets. The organization emphasizes accessibility with online appointment scheduling and telehealth options.
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- Services
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Jan 0000
Since 1992, Gettier Commercial has been helping customers in the Washington, D.C. metro area with their retail and commercial maintenance needs. They began with one sweeper truck and have evolved into a one-stop shop to keep your property well-maintained to attract new tenants and patrons, and keep current ones happy.
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- Health Care and Social Assistance
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Jan 0000
Optimal Motion was established by Secili DeStefano and Matthew Barnes to deliver a comprehensive physical therapy experience focused on enhancing recovery, performance, and overall health. The clinic began operations in April 2019 and is located at 950 Herndon Parkway in Herndon, Virginia. The founders bring extensive clinical expertise to the practice, shaping its approach to patient care through evidence-based methods and personalized treatment plans.
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- Services
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$9.99
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Lorem Ipsum
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Jan 0000
For over three decades, ServiceTec has delivered world-class managed IT services for leading airports and airlines across the globe, ensuring the right IT solutions are delivered every time, to every customer. ServiceTec is committed to safeguarding reputations and protecting revenues of the world’s busiest and most complex airports and airlines; key guiding principles when delivering any service to our customers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Services | - | - | - | Jan 0000 | |
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Health Care and Social Assistance | - | - | - | Jan 0000 | |
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Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
$25.50 - $28.50 (Suite 120)
Ready to occupy space. Polished concrete flooring! Contiguous with Suites 205 and 240, totaling 9,670 SF. Contiguous with suite 210, totaling 4,848-SF. Nice combination of 6 windowed offices and open internal space with kitchen and conference room on the window line. Glass entrance door with reception area. Corner suite with an abundance of window line. Please contact brokers for property flyer and floorplan.
Nice combination of open office space. Conference room, kitchen and reception area. Abundant window line. Please contact broker for property flyer and floorplan.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 120 | 1,397 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 210 | 3,512 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 245 | 1,571 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 3,136 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 390 | 5,625 SF | Office | Full Build-Out | Now |
1st Fl-Ste 120
| Size |
| 1,397 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 3,512 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 245
| Size |
| 1,571 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 3,136 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 390
| Size |
| 5,625 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 120
| Size | 1,397 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
$25.50 - $28.50 (Suite 120)
2nd Fl-Ste 210
| Size | 3,512 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Ready to occupy space. Polished concrete flooring! Contiguous with Suites 205 and 240, totaling 9,670 SF. Contiguous with suite 210, totaling 4,848-SF. Nice combination of 6 windowed offices and open internal space with kitchen and conference room on the window line. Glass entrance door with reception area. Corner suite with an abundance of window line. Please contact brokers for property flyer and floorplan.
2nd Fl-Ste 245
| Size | 1,571 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2nd Fl-Ste 250
| Size | 3,136 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Nice combination of open office space. Conference room, kitchen and reception area. Abundant window line. Please contact broker for property flyer and floorplan.
3rd Fl-Ste 390
| Size | 5,625 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,556,650 | |
| Land Assessment | $2,113,820 | Total Assessment | $9,670,470 |
Property Taxes
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950 Herndon | 950 Herndon Pkwy
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