- Property size 132,263 ft2
Northridge II - office for sale
The asset is only minutes away from both the innovation and Herndon monroe metro stations that are coming online in 2020, further bolstering the existing, robust accessibility. the Property will continue to be a beneficiary of the large influx of it and cloud services companies flooding the Northern Virginia market as the surrounding tenant base boasts over 1 million square feet of government tenancy and the largest concentration of data centers in the United states. Northridge ii offers a unique opportunity for investors to acquire strong in-place lease term with the immediate opportunity to increase the income stream via capitalizing on improving market fundamentals.
Currently 84% occupied, the 132,265 square foot class a office property is well leased with nearly 5 years remaining of average weighted lease term. located in the Herndon submarket, the Property will prosper from significant market rent growth as the second phase of the silver line delivers next year.