Industrial Covered Land Play Opportunity
Calvert Avenue Portfolio
Alexandria, VA
Overview
Avison Young is pleased to present for sale 326–376 and 410–420 Calvert Avenue in Alexandria, VA. This +/- one acre site located at the edge of Oakville Triangle, this offering represents one of the few remaining redevelopment opportunities in the area.
Positioned squarely in the path of growth, the property offers a compelling covered land play with two fully leased industrial buildings. Below-market rents and landlord-friendly termination provisions provide exceptional flexibility to continue operating in-demand, irreplaceable industrial assets as-is, or to unlock long-term value through phased redevelopment on the buyer’s timeline.
Investment Highlights
SCARCE REDEVELOPMENT OPPORTUNITY - One of the few remaining parcels in National Landing not yet redeveloped or under control by major developers. This +/- one acre site sits on the northern boundary of Oakville Triangle.
PRIME ROUTE 1 ALEXANDRIA LOCATION - Immediate proximity to Amazon HQ2, Virginia Tech’s Innovation Campus, and the new Potomac Yard Metro station.
BELOW-MARKET RENTS - Current rents trail the submarket, providing a near-term mark-to- market opportunity.
STRONG IN-PLACE INCOME - 100% leased to eight tenants across ~55,000 sf with steady cash flow.
REDEVELOPMENT FLEXIBILITY - All leases include favorable landlord termination clauses, enabling a phased or full-site redevelopment strategy.
DIVERSE TENANT BASE - Occupied by a mix of light industrial, retail, and service tenants.
COVERED LAND PLAY - Generates positive cash flow today while preserving the upside of future redevelopment.
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