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www.MerrittProperties.comLargest Blocks of Vacant Light Industrial Space (Main Competition):
There are only three blocks of competitive space over 20,000 SF.
Comps:
As you will surmise from the list below, new light industrial space with 50% office can achieve rents
higher than many existing office buildings. This is due to the scarcity of quality light industrial product in
the market.
MARKET SNAPSHOT
(CONTINUED...)
Address:
Area
(SF):
Notes:
Asking
Rate:
Year Built:
Owner/Developer:
21550 Beaumeade Circle 23,871
65% existing
office. Build-
ing for sale/
lease. Tight
truck court.
$11.50 NNN 1989
MUSREF
21580 Beaumeade Circle 51,503
50% existing
office build
out. Building
for sale/lease
$12.00 NNN
1989 (basis
$133.50 psf)
For Sale.
MUSREF Beaume-
ade Circle, LP (for-
eign partnership)
44200 Waxpool Road 40,560 Shell
$9.00 NNN 2014
St. John Properties
Tenant Name:
Park:
Area
(SF):
Rate:
Date:
Notes:
Liebert
Beaumeade
18,112 $14.00 NNN 7/2015 +/- 55% office.
Renewal/expansion
Loudoun Valley Flooring 20700 Loudoun
County Pkwy
5,425 $12.00 NNN 6/2015 +/- 25% office
Henry Schein
Beaumeade
7,175 $16.50 NNN 4/2015 +/- 75% office
Crown Trophy
20700 Loudoun
County Pkwy
5,368 $12.50 NNN 3/2015 +/- 50% office
Saab Defense & Security 20700 Loudoun
County Pkwy
26,522 $11.50 NNN 3/2015 +/- 35% office
Fidelity Engineering 20700 Loudoun
County Pkwy
8,463 $14.75 NNN 3/2015 +/- 65% office