950 Herndon Pkwy
Herndon, VA 20170
950 Herndon · Office Property For Sale

Avison Young’s U.S. Capital Markets Group, retained as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire 950 Herndon Parkway (the Property”), a service-oriented, multi-tenant office asset located in the heart of the Herndon/Reston corridor. The Property comprises approximately 90,856 square feet of
office space situated on 4.58 acres and is anchored by a PNC Bank branch with drive-through, one of the largest deposit holders in Fairfax County. The rent roll is further diversified by a growing base of medical and healthcare tenants, alongside professional services and financial users.
New ownership will acquire an asset that was resilient when facing headwinds and positioned to be market dominant based on supply reduction tailwinds. The Property has maintained an 85% average occupancy, through a global pandemic and years of office market disruption, without the tailwind it’s about to receive. Nearly 25% of the Town of
Herndon’s total office inventory is being permanently removed through demolition and conversion, forcing tenant demand into a shrinking pool of functional, well-located
assets. This building has already proven it’s one of them.