Market Square at National Landing
Arlington, Virginia
Building
Stats
- Property Type Office - Medical
- Year built 2007
- Building size (SF) 34,945
- Price $21,000,000
Overview
Avison Young’s U.S. Capital Markets Group, the exclusive advisor to the Owner, is pleased to present the opportunity to acquire Market Square at National Landing (the “Property”).
Market Square is a 100% leased medical-office condo at the ground floor of The Eclipse, a Harris Teeter-anchored, mixed use development directly underneath 464 luxury condo units. Ample parking is provided by a 487-space underground parking garage. Access is conveniently located through the interior plaza on which the tenants front or the two other entrances through which Harris Teeter shoppers park to access the store.
Highlights
- Opportunity to achieve outsized core plus returns derived from core quality cashflow and strong “Med-Tail” rents and a WALT just under eight years
- 100% leased 34,945 square foot, institutionally owned and maintained property
- The only existing class A medical office building in National Landing with only one project under construction and already committed to a full building user
- Complimentary tenancy headlined by Inova. Inova, Pediatric Associates, and Pediatric Smiles have cornered the pediatric healthcare demand at Market Square. They are complimented by the Crystal City Children’s Center daycare
- Exceptional local demographics, 26,000 highly insured residents within one mile have a median household income exceeding $121,000
- First in line to benefit from the creation of the Innovation District in North Potomac Yards - a 65-acre development that will shift the bullseye of National Landing from Crystal City toward Potomac Yard’s completely transforming the region, its demographics, and its
patient pool
