50 Tech Pkwy, Stafford, VA 22556

Colliers|Virginia, as exclusive advisor, is pleased to present for sale 50 Tech Parkway in Stafford, Virginia (the “Property”). The 2006 constructed, Class A, 94,064 RSF office building is located adjacent to Quantico Marine Corp Base (“Quantico”) and across the parking field from 105 Tech Parkway, an AT/FP high security GSA facility home to the Marine Corps System Command and Naval Facilities Engineering Command (NAVFAC). The asset’s high-quality space and strategic location makes it a highly desirable location for defense focused companies as evidenced by the property’s current 94.5% occupancy.

50 Tech Parkway is currently occupied by the GSA (27%), BAE Systems (16.4%), Vickers & Nolan Enterprises (10%) amongst others. The Property's tenancy requires close proximity to Quantico, as well as the GSA/DoD and Navy units in 105 Tech Parkway across the parking field.

Currently 94.5% occupied with a 3.7 year WALT, 50 Tech Parkway presents investors highly attractive cash flow with credit tenancy in over 46% of the GLA. Supplementing this attractive cash flow, the current weighted average in-place rent of only $23.68/RSF is over $2.82 (or 12%) below the current market rent as evidenced by the most recent transactions in the NSCBT office park, resulting in the current in-place NOI being 20% below its market potential.

Rents are $2.82/PSF (12%) below market equating to a 20% NOI growth opportunity.
Strategic Quantico location and proximity to Washington D.C. with perpetual demand drivers.
Heavily amenitized submarket providing unmatched access to national retailers, restaurants, hotels and entertainment.
Located on the Rte 610 corridor along I-95 in the high growth and high demand Stafford submarket.