For Auction
Asset Snapshot
Offering Summary
**Please see the other asset being sold in this Potomac Riverfront Portfolio: 11 Canal
RealINSIGHT Marketplace, in partnership with Transwestern’s Mid-Atlantic Capital Markets Group, is pleased to present the opportunity to acquire the leasehold interest in 99 Canal Center, a premier Class A waterfront office asset located in Alexandria, Virginia. Comprised of 150,186 square feet, 99 Canal Center offers panoramic views of the Potomac River and the Washington, DC skyline, establishing it as a flagship office property within Old Town. This offering represents a rare opportunity to own a portion of the limited 4% of privately held waterfront office space within Alexandria’s 20 million-square-foot office market.
Due to a loan default, occupancy at the property has fallen to 49% with 2.9 years of WALT, providing investors with optionality to continue operating as office or converting to residential.
Additionally, 99 Canal Center stands to benefit from the continued evolution of Old Town Alexandria, where ongoing mixed-use redevelopment is transforming the area into a vibrant, walkable live-work-play environment with sustained demand drivers.
*Tours Available By Request Wednesday’s between 12-3pm. Please contact listing broker.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
