Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive representative for the Owner, is pleased to present this offering for the sale of Fair Lakes VII (the "Property"), located at 12730 Fair Lakes Circle in Fairfax, Virginia. Collectively 81% leased to 3 tenants with approximately 7 years of weighted average remaining lease term ("WALT"), the Property is anchored by Huntington Ingalls Industries (36% of RBA; Moody's Rating: Baa3) and MAG Aerospace (26% of RBA; headquarters location) long-term. This surety of cash flow affords investors significant downside protection while executing a renovation and restabilization of the asset near-term.
The Property is part of the broader 650-acre Fair Lakes mixed-use master planned community featuring 1.3 MM SF of office, 2.0 MM SF of retail, over 2,000 residential units, and the 338-room Hyatt Regency Fairfax. Located in the heart of Fairfax County, the third wealthiest county in the United States and home to Northern Virginia’s largest defense and intelligence community demand drivers, the Property possesses tremendous accessibility to major commuter thoroughfares such as I-66, the Fairfax County Parkway, and Route 50, while offering tenants an amenity-rich experience thanks to the numerous eateries and shops within a short walk or drive.
Accordingly, Fair Lakes VII represents an exceptional opportunity to acquire an institutional quality office asset below replacement cost and achieve value-add returns through the amenitization and restabilization of the asset near-term.
Disclaimer: 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.