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6820-6860 Commercial Dr
Springfield, VA 22151
Land For Lease
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 |
