Dulles South I & II Listing Details & Market Data

14100 & 14102 Sullyfield Cir, Chantilly, VA 20151

  • For Sale Subject To Offer
  • Property Type Office - General Office
  • Property Size 38,502 SF
  • Lot Size 141,413 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Date Updated Mar 20, 2024
Chantilly, VAAvison Young’s U.S. Capital Markets Group, the exclusive advisor to the Owner, is pleased to present the opportunity to acquire the Dulles South I & II (the “Properties”), two single story professional office properties located in Chantilly, VA at the entrance to Sullyfield Business Park. The two buildings total 38,502 square feet of small suite, single story office space cate ring to small professional services firms and medical offices. The Property has a proven track record of consistently high occupancy levels and is currently 100% leased. There are twenty-one (21) tenants in-place with the average tenant size of approximately 1,800 square feet. Dulles South I & II provides new ownership with a rare opportunity to achieve outsized returns at a fully stabilized asset through marking rents to market. Fifty-six percent (56%) of the tenants currently pay below market rents. The weighted average rents at both Properties currently $4.83 per square foot below the market’s average rent of $23.25 per square foot (FS). Dulles South I & II’s weighted average lease term is 1.73 years, providing a clear path to near term value enhancement through leasing, with limited capital contributions required for tenant improvements.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 100% leased institutionally owned and maintained properties with 21 diverse tenants
  • Sticky tenant mix with approximately 50% of the tenants renewing multiple times
  • Excellent visibility & flexible I-5 zoning provide the conversion optionality for limited retail/showroom space at the corner of Sullyfield Circle
  • Potential for redevelopment to self storage with 75’ height restrictions on a 3.2 acre lot with “by right” I-5 zoning
  • Exceptional local demographics where the local (1 mile) median household income exceeds $121,000
  • Offered free and clear of existing debt with nearly 1.73 years of WALT

Contacts

broker

Edward Harrell

Avison Young

(703) 288-2702

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (63)

  • Transit Score ®

    Some Transit (31)

  • Bike Score ®

    Bikeable (50)
Powered by Walk Score ®
  • City Chantilly, VA
  • Zip Code 20151
  • Market Washington DC Suburban Maryland

Points of Interest

  • Concourses C&D

    3.56 miles

  • Shuttle to Main Terminal & A Gates

    3.66 miles

  • Concourse A

    3.79 miles

  • Concourse B

    3.87 miles

  • Main Terminal

    4.06 miles

  • Dulles International Airport

    4.31 miles

  • Innovation Center

    4.71 miles

  • Herndon

    4.83 miles

  • Reston Town Center

    5.67 miles

  • Wiehle–Reston East

    6.28 miles

  • Exxon

    0.18 miles

  • 7-Eleven

    0.36 miles

  • 7-Eleven

    0.74 miles

  • Shell

    0.76 miles

  • Sunoco

    0.76 miles

  • Sunoco

    0.97 miles

  • Wawa - gas

    1.47 miles

  • Sunoco

    1.73 miles

  • Exxon

    1.97 miles

  • Shell

    2.19 miles

  • Bus Parking

    1.04 miles

  • Handicapped

    1.68 miles

  • Westfield High School parking

    1.73 miles

  • Cub Run RECenter parking

    1.81 miles

  • Sully Station Park and Ride

    1.85 miles

  • Handicapped

    2.04 miles

  • Handicapped

    2.18 miles

  • Handicapped

    3.13 miles

  • Handicapped

    3.20 miles

  • Stringfellow Road Park and Ride

    3.25 miles

  • LongHorn Steakhouse

    0.11 miles

  • Bob Evans

    0.12 miles

  • Santini's New York Style Deli

    0.15 miles

  • Anita's New Mexico Style Restaurant

    0.22 miles

  • Chick-fil-A

    0.24 miles

  • Noodles & Company

    0.26 miles

  • Otani’s

    0.28 miles

  • Backyard Bar & Grill

    0.30 miles

  • China Cafe

    0.32 miles

  • Pho Bac

    0.33 miles

  • Franklin Middle School

    1.13 miles

  • Brookfield Elementary School

    1.18 miles

  • Lees Corner Elementary School

    1.25 miles

  • Westfields Play and Learn Center

    1.29 miles

  • Lee's Corner Elementary School

    1.30 miles

  • Fairfax County Police Driver Training Facility

    1.58 miles

  • Saint Timothy Catholic School

    1.67 miles

  • Westfield High School

    1.80 miles

  • BeanTree Learning - Westfields Campus

    1.82 miles

  • Chantilly High School

    1.83 miles

  • Chesterbrook Academy

    0.61 miles

  • Primrose School of Chantilly

    1.41 miles

  • The Goddard School

    1.81 miles

  • Franklin Farm Campus KinderCare

    1.84 miles

  • Childtime of Fairfax, VA

    2.95 miles

  • Tltegi - Sully Station Children's Center

    3.31 miles

  • Laiba's Family Day Care

    3.36 miles

  • Winwood Children's Center

    3.77 miles

  • Minnieland

    3.96 miles

  • KinderCare

    4.24 miles

Contact Listing Broker

broker

Edward Harrell

Avison Young

(703) 288-2702