11700 Plaza America DrReston, VA 20190

Property Details for 11700 Plaza America Dr

Year built

1999

Construction

STEEL FRAME

Lot size

3.09 AC

Property size (Sq ft)

273,759 SF

Zone code

PDC(PLANNED DEV COMMERCIA

Property type

Office properties

Property subtype

Office buildings

APN

017-4-27-0001

APU

174270001

Description

Plaza America Tower I presents a unique opportunity to lease 223,360 square feet of executive office space within a four-building office park totaling one million square feet. This single-tenant, vacant space is situated in a prime location, offering unparalleled convenience and accessibility. Built in 1999, the building is part of a larger complex that includes ground floor retail, enhancing the overall appeal and functionality of the property. The property's strategic location in Fairfax County places it minutes from the International Dulles Airport, providing seamless connectivity for businesses and employees. Its proximity to Reston Town Center and the numerous amenities Reston offers further enhances its desirability. The expansive square footage allows for significant customization and flexibility to suit a wide range of business needs. This exceptional property offers a rare chance to secure a substantial, high-quality office space in a thriving and well-connected location. The entire building is available for lease, presenting a unique opportunity for a large organization seeking a prominent presence in a desirable area. The property's modern design and convenient location make it an ideal choice for businesses seeking a sophisticated and efficient workspace. The ample square footage provides the potential for a variety of configurations to meet specific business requirements. This is a truly exceptional opportunity to establish a significant presence in a dynamic and rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $70,727,256

  6.5%

  $65,286,700

  7%

  $60,623,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,735,376

  Geo Method

  $54,735,376

• Alternative Use

  Use

  Valuation

  Residential

  $80,955,504

  Hospitality

  $74,154,808

  Educational

  $61,695,932

  Medical

  $63,817,748

  Retail

  $95,971,448

Location Insight

City

Reston

County

Fairfax

State

Virginia

Latitude

38.9522

Longitude

-77.35

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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