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6820-6860 Commercial Dr

7.77 Acres of Commercial Land for Lease in Springfield, VA 22151

Lot Available

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Lease Term Negotiable
Lot Size 7.77 AC

6820-6860 Commercial Drive in Springfield, VA (“Site”) provides a unique opportunity inside the beltway for either an industrial development or an Industrial Outdoor Storage (IOS) use. This 7.77 acre property is being offered as a Ground Lease for up to 99 years and is a premier location situated in the Shirley Industrial Park, which is less than two minutes from the I-395/Edsall Road interchange. And being so strategically located, this site is 12 miles from Washington, DC and only a 60-minute drive radius to nearly 6,000,000 people in the Washington Metropolitan Area. This Site is an ideal location for any warehouse, distribution, logistics or IOS/parking type use.

Property Overview

STELLAR LOCATION Commercial Drive is strategically located at the junction of I-395, I-95 and I-495 Springfield Interchange—“The Mixing Bowl”—within Shirley Industrial Park. SUPPLY DEMAND IMBALANCE Due to high demand for industrial product and limited availability on the market, the site is ideal for “last mile” users. HIGH BARRIERS TO ENTRY The area faces tremendous scarcity of industrial-zoned land, with construction costs on the rise and challenging economic conditions characterized by higher interest and capitalization rates. The site is zoned I-5/I-6 (Fairfax County) providing a wide variety of permitted uses. DWINDLING SUPPLY IN I-95 CORRIDOR The industrial inventory has contracted by over 1.4 million square feet (8.1%) in the past 15 years, with limited industrial sites in the pipeline. STRONG LEASING FUNDAMENTALS The I-95 Corridor has a 5.3% vacancy rate and experienced 10% rent growth over the past year with moderate to strong rent growth forecasted.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
  • Listing ID: 32107288

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 6820-6860 Commercial Dr, Springfield, VA 22151

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