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Grove Corporate Plaza Portfolio 2 Office Properties Offered at $23,646,878 CAD in Herndon, VA


Investment Highlights
- Two three-story office buildings totaling 74,081 SF set on 7 acres, offering a corporate campus environment.
- On-site shared amenities include a conference center and fully equipped fitness facility with showers.
- Direct access to W&OD Hiking & Biking Trail for enhanced employee experience.
- Located minutes from the Dulles Toll Road, Washington Dulles International Airport, and Reston Town Center.
- Free and abundant surface parking at a generous 4.3/1,000 SF parking ratio.
Executive Summary
Grove Corporate Plaza presents a rare opportunity to acquire two well-maintained office buildings totaling 74,081 SF on a spacious 7-acre campus in Herndon, VA. This suburban portfolio offers significant upside for investors or owner-users, with the ability to capitalize on current vacancy and tailor space for future growth.
Situated in one of Northern Virginia’s most dynamic commercial corridors, the property enjoys proximity to key transportation routes including the Dulles Toll Road, and is just seven minutes from Washington Dulles International Airport. The location also provides easy access to Reston Town Center’s extensive retail and dining options, and a short connection to the W&OD Trail, supporting both business and lifestyle needs for tenants.
Both buildings feature three stories with modern layouts, each equipped with an elevator. Tenants benefit from a shared conference center, an on-site fitness facility with showers, and abundant surface parking at a 4.3/1,000 SF ratio. A leaseback agreement on a portion of 555 Grove Street offers immediate income stability, while leaving over 52,000 SF available for lease-up to drive additional future returns. This campus provides the combination of location strength, flexible infrastructure, and significant value-add potential in a thriving submarket near Washington, DC.
Situated in one of Northern Virginia’s most dynamic commercial corridors, the property enjoys proximity to key transportation routes including the Dulles Toll Road, and is just seven minutes from Washington Dulles International Airport. The location also provides easy access to Reston Town Center’s extensive retail and dining options, and a short connection to the W&OD Trail, supporting both business and lifestyle needs for tenants.
Both buildings feature three stories with modern layouts, each equipped with an elevator. Tenants benefit from a shared conference center, an on-site fitness facility with showers, and abundant surface parking at a 4.3/1,000 SF ratio. A leaseback agreement on a portion of 555 Grove Street offers immediate income stability, while leaving over 52,000 SF available for lease-up to drive additional future returns. This campus provides the combination of location strength, flexible infrastructure, and significant value-add potential in a thriving submarket near Washington, DC.
Property Facts
| Price | $23,646,878 CAD | Number of Properties | 2 |
| Price / SF | $319.20 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 74,081 SF |
| Status | Active | Total Land Area | 7.16 AC |
| Price | $23,646,878 CAD |
| Price / SF | $319.20 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,081 SF |
| Total Land Area | 7.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Grove Corporate Plaza 2
585 Grove St, Herndon, VA 20170 |
Office | 42,142 SF | 1986 | - |
|
Grove Corporate Plaza 1
555 Grove St, Herndon, VA 20170 |
Office | 31,939 SF | 1986 | - |
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