10505 Judicial Dr, Fairfax, VA 22030

Legat Commercial Real Estate,

as the exclusive representative for the owner, is

pleased to present for sale the 100% fee simple interest in Judicial Center Office

Building, located at 10505 Judicial Drive in Fairfax, Virginia , a 34,356 SF office

building , situated on .98 acres of land (the “Property”). This value add opportunity will

trade substantially below replacement cost, providing a buyer a strong in place

yield with upside.

Currently

the Property is approximately 85 % leased to 10 tenants with an average

lease term of 4.5 years and an average in place rent of $2 6 PSF. In addition to

having secure in place cash flow, this opportunity provides an owner user to take

advantage of the in place tenancy and significantly offset the cost of occupancy.

There is additional upside through the lease up of the surplus vacant suites and

future rent growth. Furthermore, future capital needs are limited due to a long

history of proactive maintenance and the near turn key condition of the majority of

the vacant suites.

The

building is located at the geographic center of Fairfax County, Virginia near the

crossroads of I 66 and Route 50 Northern Virginia’s primary east west highways. It is

located adjacent to the Fairfax County Courthouse and is in close proximity to the

Fairfax County Governmental Center , George Mason University and Fairfax City Hal

as well as the 1,565,000 SF Fair Oaks Regional Mall, Inova Fair Oaks Hospital and

amidst a mature 14 million SF office submarket (CoStar office submarkets: Fairfax

Center, Oakton, and Fairfax City). Judicial Office Building offers investors the

opportunity to invest in a stable, cash flowing, readily financeable property acquired

well below replacement value. Judicial Center is well positioned to take advantage

of rising rents anticipated from the tightening Northern Virginia office market

during a prolonged economic recovery resulting from the end of the Covid 19 pandemic