3550 S Clark StArlington, VA 22202
National Gateway
Asset ClassOffice
Overview
Cushman & Wakefield’s National Office Investment Advisory (OIA) Group is pleased to offer for sale, National Gateway, a 243,020 BOMA square foot office building located in the dynamic National Landing submarket of Arlington, VA home to Amazon’s HQ2, Viginia Tech’s Innovation Campus, and directly adjacent to Lidl’s US headquarters. The asset is 40% leased with 11.5 years of WALT providing an investor immediate cash flow and value-creation through additional leasing, at a significant discount to replacement cost. Over the past five years, Ownership has invested over $5 million in capital improvements including the
lobby, tenant lounge/conference center, bike room, and spec suite.
Investment Highlights
- Value-Add Opportunity: National Gateway is 40% leased with 11.5 years of WALT leased to credit tenants Boeing, Bright Horizons, and Club Studio. Investors will be able to capitalize on the in-place cash flow ($17 million of total contractual NOI) and the recent building improvements lobby, conference center, elevator cabs, bike room, parking improvements, breezeway, and spec suite while executing the business plan. National Gateway’s contiguous top-floor availability is primed to attract significant tenant interest due to the trophy quality of the asset, proximity to Reagan National Airport and Amazon HQ2, and location in Washington, DC’s tech & defense hub, National Landing.
- Trophy Quality Asset: The asset is truly best-in-class as evident by the 24,000 SF floorplates, ample covered parking, recent capital improvements, and expansive windowlines with impressive views of the nation’s capitol, Potomac River, and the transformative neighborhood. The essentially column-free floorplates allow for a multitude of tenant buildouts and orientations catering to tenants from all industries. The asset has impressive nine feet finished ceiling heights and almost 13 feet slab to slab allowing for tenant flexibility and comfort.
- Mixed Use Location: National Gateway is located in the heart of National Landing home to 24,100 residents, 14 million SF of office, 5,500 hotel keys, and more than 450 restaurants and shops. Accessible by car, metro, plane, and bus, National Landing is one of the fastest growing submarkets in the nation with more to come as Amazon completes phase II of their HQ2 investment
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3550 S Clark StArlington, VA 22202
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