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6820-6860 Commercial Dr 7.77 Acres of Commercial Land for Lease in Springfield, VA 22151
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 7.77 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 7.77 AC |
6820-6860 Commercial Drive in Springfield, VA (“Site”) provides a unique opportunity inside the beltway for either an industrial development or an Industrial Outdoor Storage (IOS) use. This 7.77 acre property is being offered as a Ground Lease for up to 99 years and is a premier location situated in the Shirley Industrial Park, which is less than two minutes from the I-395/Edsall Road interchange. And being so strategically located, this site is 12 miles from Washington, DC and only a 60-minute drive radius to nearly 6,000,000 people in the Washington Metropolitan Area. This Site is an ideal location for any warehouse, distribution, logistics or IOS/parking type use.
Property Overview
STELLAR LOCATION Commercial Drive is strategically located at the junction of I-395, I-95 and I-495 Springfield Interchange—“The Mixing Bowl”—within Shirley Industrial Park. SUPPLY DEMAND IMBALANCE Due to high demand for industrial product and limited availability on the market, the site is ideal for “last mile” users. HIGH BARRIERS TO ENTRY The area faces tremendous scarcity of industrial-zoned land, with construction costs on the rise and challenging economic conditions characterized by higher interest and capitalization rates. The site is zoned I-5/I-6 (Fairfax County) providing a wide variety of permitted uses. DWINDLING SUPPLY IN I-95 CORRIDOR The industrial inventory has contracted by over 1.4 million square feet (8.1%) in the past 15 years, with limited industrial sites in the pipeline. STRONG LEASING FUNDAMENTALS The I-95 Corridor has a 5.3% vacancy rate and experienced 10% rent growth over the past year with moderate to strong rent growth forecasted.
Property Facts
| Total Space Available | 7.77 AC | Property Subtype | Commercial |
| Property Type | Land |
| Total Space Available | 7.77 AC |
| Property Type | Land |
| Property Subtype | Commercial |
Contacts
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Stephen Cloud -
Caulley Deringer -
Andrew Hassett -
Transwestern Commercial Services
Presented by
6820-6860 Commercial Dr
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