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Jones Street Office Bldg 10505 Judicial Dr 51,892 SF 89% Leased Office Building Fairfax, VA 22030 $11,586,136 CAD ($223.27 CAD/SF) 7.90% Cap Rate
INVESTMENT HIGHLIGHTS
- This property is 34,356 total SF with 74% leased.
- Located just off of the I 66/Route 50 interchange adjacent to the Fairfax County Courthouse.
- Extraordinary demographics with 2 59, 000 people residing within 5 miles with a median income in excess of $138 ,000.
- Most remaining suites are in near spec suite condition. Building features include tenant lounge.
- Excellent long term tenant, most of which are attorneys and title companies.
- Excellent proximity to private, government and medical demand.
EXECUTIVE SUMMARY
The building is located at the geographic center of Fairfax County, Virginia near the crossroads of I 66 and Route 50 Northern Virginia’s primary east west highways. It is located adjacent to the Fairfax County Courthouse and is in close proximity to the Fairfax County Governmental Center George Mason University and Fairfax City Hal as well as the 1,565,000 SF Fair Oaks Regional Mall, Inova Fair Oaks Hospital and amidst a mature 14 million SF office submarket (CoStar office submarkets: Fairfax Center, Oakton, and Fairfax City). Judicial Office Building offers investors the opportunity to invest in a stable, cash flowing, readily financeable property acquired well below replacement value. Judicial Center is well positioned to take advantage of rising rents anticipated from the tightening Northern Virginia office market during a prolonged economic recovery resulting from the end of the Covid 19 pandemic.
PROPERTY FACTS
AMENITIES
- Bus Line
- Conferencing Facility
- Courtyard
- Security System
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Outdoor Seating
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
large private offices. 1-2 conference rooms. high end buildout. excellent exposure off the elevator. Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 3,126 SF | Office | - | Now |
| 2nd Fl-Ste 202 | 1,278 SF | Office | - | Now |
| 2nd Fl-Ste 206 | 1,377 SF | Office | - | Now |
| 3rd Fl-Ste 301 | 2,269 SF | Office | Partial Build-Out | 30 Days |
2nd Fl-Ste 201
| Size |
| 3,126 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 1,278 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 1,377 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 301
| Size |
| 2,269 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 201
| Size | 3,126 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
large private offices. 1-2 conference rooms. high end buildout. excellent exposure off the elevator. Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
2nd Fl-Ste 202
| Size | 1,278 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
2nd Fl-Ste 206
| Size | 1,377 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Applicable for $6/SF grant from Fairfax City via the "The Lease Incentives for Fairfax Tenants" (LIFFT) program. https://fairfaxcityconnected.com/work/lifft/ Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
3rd Fl-Ste 301
| Size | 2,269 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
Newly renovated Superior tenant build-outs offered Located directly across the street from the Fairfax County Government Judicial Center Complex Walking distance to Fairfax City Hall Located near George Mason University and NOVA Community College Solid brick construction with operable windows Suites are independently controlled for HVAC Excellent access to Rt. 123, Rt. 50, and Rt. 236 New outdoor seating area and indoor Tenant lounge Banking, restaurants and amenities are within walking distance Generous secured free surface parking (3.25/1000)
PROPERTY TAXES
| Parcel Number | 57-4-02-00-031 | Improvements Assessment | $4,399,121 CAD |
| Land Assessment | $3,012,629 CAD | Total Assessment | $7,411,750 CAD |
PROPERTY TAXES
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Jones Street Office Bldg | 10505 Judicial Dr
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