There are many Industrial Investment Properties available throughout the country, and with tenants who pay the usual common area maintenance, which depending on the Lease, covers maintenance and repair of the building, cleaning and landscaping, real estate taxes, and usually all Tenants are required to carry insurance that protects their business, the building, and the Landlord.
The greatest advantage for owning and Industrial Investment Property is not only that the rents that the Tenants pay, will cover all of the expenses with owning a Industrial building, but that they are always in high demand and there is an ever decreasing supply, giving the investor a sound long term investment.
One of the strongest areas in the country is Northern Virginia, in fact, more jobs were created and filled in 2008 than in the previous year, and this has been a constant trend for decades. In addition to this, more residential and commercial areas need to be made and are being made at this very minute. However, Virginia is not expanding its borders, so to accommodate the increase of non-industrial jobs, workers and their families, and the cars that they drive; roads are being expanded, and inevitably, industrial land is converted into retail, mixed use, and offices. Driving Industrial users and especially Heavy Industrial users further out west and south of Northern Virginia, decreasing supply and while demand is stable, making Industrial Land, and especially Heavy Industrial land very valuable and a very secure long term investment.
We are proud to introduce to you one of the few
Industrial Investment Properties available in all of Northern Virginia. It is fully
leased, easy to re-let (do to the fact that the majority of the uses are Auto
Body and Auto Repair, both of which are shrinking in availability, forcing many
to go out further west and south of the DC Metropolitan area, but at the same
time having the vast majority of their business come from the east part of
Northern Virginia, making this property in high demand, due to location,
visibility, and zoning), and a secure long-term investment.
Introduction:
Fully Leased, Free Standing Industrial Building, Investment Property
Address:
7649 Fullerton Rd, Springfield, VA 22153
Packages:
Listing Photos:
Survey:
Fullerton Industrial Park - 7649 Fullerton Rd, Springfield, VA 22153
Zoning Information:
Fairfax County Zoning Ordinance I-5 - General Industrial District
Related Information and Research:
Guide to the 2008 BRAC Area Plans Review
Springfield Connectivity Study
FAIRFAX COUNTY COMPREHENSIVE PLAN, 2007 Edition AREA IV Springfield Planning District
FAIRFAX COUNTY COMPREHENSIVE PLAN, 2007 Edition Franconia-Springfield Area
Springfield Fairfax County VA Study prepared by the Urban Land Institute
Springfield
Virginia Strategies for Revitalization prepared by the Urban Land
Institute
Fairfax County Real Estate Report Year End 2007 - Industrial/Flex
Market
Industrial/Flex Lease Rates by Submarket (Per Square Foot)
Springfield–Interstate 95 Corridor Area Business Report
Newington/Lorton Major Employers Map
Fairfax County Economic Development Authority 2007 Annual Report